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name="dei:EntityCommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xL2ZyYWc6OTA2MmFlYTk4ZTdhNDExN2I2YzZiMmRhY2I3YWI2OTkvdGV4dHJlZ2lvbjo5MDYyYWVhOThlN2E0MTE3YjZjNmIyZGFjYjdhYjY5OV8yNDQx_55a5c901-f52c-4878-a92b-0793b7e1f90f">43,003,450</ix:nonFraction> shares of Class M-I Common Stock and <ix:nonFraction unitRef="shares" contextRef="i16ffb5e8dd6e4449ab23a1c64529d02c_I20210811" decimals="0" format="ixt:numdotdecimal" name="dei:EntityCommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xL2ZyYWc6OTA2MmFlYTk4ZTdhNDExN2I2YzZiMmRhY2I3YWI2OTkvdGV4dHJlZ2lvbjo5MDYyYWVhOThlN2E0MTE3YjZjNmIyZGFjYjdhYjY5OV8yNDgx_6dcf3939-7498-4d95-b750-31c261c48bb2">7,513,281</ix:nonFraction> shares of Class D Common Stock.</span></div><div style="height:31.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_7"></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Jones Lang LaSalle Income Property Trust, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">INDEX </span></div><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div><div style="margin-top:5pt;text-align:center;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.936%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">PAGE<br/>NUMBER</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_13">Part I - FINANCIAL INFORMATION</a></span></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_10">Item 1. Financial Statements</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_10">3</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:42.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_13">Consolidated Balance Sheets as of </a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_13">June</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_13"> 3</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_13">0</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_13">, 2021 (unaudited) and December&#160;31, 2020</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_13">3</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:42.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_16">Consolidated Statements of Operations for the three</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_16"> and six </a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_16"> months ended </a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_16">June</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_16"> 3</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_16">0</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_16">, 2021 and 2020 (unaudited)</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_16">4</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:42.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_19">Consolidated Statements of Equity for the three</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_19"> and six </a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_19"> months ended </a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_19">June</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_19"> 3</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_19">0</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_19">, 2021 and 2020 (unaudited)</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_19">5</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:42.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_22">Consolidated Statements of Cash Flows for the </a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_22">six</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_22"> months ended </a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_22">June</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_22"> 3</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_22">0</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_22">, 2021 and 2020 (unaudited)</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_22">6</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:42.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_25">Notes to Consolidated Financial Statements (unaudited)</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_25">7</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_76">Item&#160;2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_76">27</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_121">Item&#160;3. Quantitative and Qualitative Disclosures About Market Risk</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_121">52</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_127">Item&#160;4. Controls and Procedures</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_127">53</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_130">Part II - OTHER INFORMATION</a></span></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_133">Item&#160;1. Legal Proceedings</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_133">53</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_136">Item&#160;1A. Risk Factors</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_136">53</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_139">Item&#160;2. Unregistered Sales of Equity Securities and Use of Proceeds</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_139">54</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_142">Item&#160;3. Defaults Upon Senior Securities</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_142">54</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_145">Item&#160;4. Mine Safety Disclosures</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_145">54</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_148">Item&#160;5. Other Information</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_148">54</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_151">Item&#160;6. Exhibits</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_151">55</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_154">SIGNATURES</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_154">56</a></span></div></td></tr></table></div><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_10"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 1. Financial Statements.</span></div><div id="ie5281456beca4763989f9512c5f26319_13"></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Jones Lang LaSalle Income Property Trust, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONSOLIDATED BALANCE SHEETS</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$ in thousands, except per share amounts</span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:69.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.790%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Unaudited)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">ASSETS</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Investments in real estate:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Land (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Land" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNC0wLTEtMS0wL3RleHRyZWdpb246MzdmMTVkZDYwYzdmNDY0MWIxNzdmYmE5YzIyODU4ZTFfMzQ_edc10067-afe7-4129-b24b-c3d49b92bd16">22,605</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Land" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNC0wLTEtMS0wL3RleHRyZWdpb246MzdmMTVkZDYwYzdmNDY0MWIxNzdmYmE5YzIyODU4ZTFfNDE_c5a1de40-ee91-4641-822f-b118c1df699b">22,605</ix:nonFraction>, respectively)</span></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Land" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNC0xLTEtMS0w_125a62df-1c41-4cf2-a631-185e3b10b311">461,639</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Land" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNC0zLTEtMS0w_3048f472-6deb-4a5e-9d58-c6a7bdb7d731">428,313</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Buildings and equipment (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentBuildingAndBuildingImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNS0wLTEtMS0wL3RleHRyZWdpb246MDdjY2ZhNWVmZGEyNGY4MDhiYWJhOTNlNzZiZDlmZDZfNTM_eb9a9f0f-ffdd-4526-98e1-d5d2b1480284">143,051</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentBuildingAndBuildingImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNS0wLTEtMS0wL3RleHRyZWdpb246MDdjY2ZhNWVmZGEyNGY4MDhiYWJhOTNlNzZiZDlmZDZfNjE_70f0813f-f32e-43c4-a78f-8539d983a2c6">142,946</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentBuildingAndBuildingImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNS0xLTEtMS0w_2a3d2236-0a62-4afd-b18b-409cab7841c3">2,166,985</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentBuildingAndBuildingImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNS0zLTEtMS0w_13fa0586-1f0e-43c9-a97e-361cfefc5075">1,892,023</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Less accumulated depreciation (including from VIEs of $(<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentPropertyAccumulatedDepreciation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNi0wLTEtMS0wL3RleHRyZWdpb246ZTFmNDlkNmQ5ZDk1NGE0NWFmNTQxZDQwZWQ0OGQ0M2NfNTk_e43e6b1f-2a4e-4dfa-af30-33294b25e853">24,774</ix:nonFraction>) and $(<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentPropertyAccumulatedDepreciation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNi0wLTEtMS0wL3RleHRyZWdpb246ZTFmNDlkNmQ5ZDk1NGE0NWFmNTQxZDQwZWQ0OGQ0M2NfNjc_99010b1a-7028-4c6e-8c59-a1f634831f77">23,083</ix:nonFraction>), respectively)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentPropertyAccumulatedDepreciation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNi0xLTEtMS0w_0738b80a-b47f-4a52-adb8-96abb70dc632">245,077</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentPropertyAccumulatedDepreciation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNi0zLTEtMS0w_3ed2103e-46f6-44db-9092-de2732f6c8e2">219,833</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net property and equipment</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="jllipt:LandBuildingsAndEquipmentNetOfAccumulatedDepreciation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNy0zLTEtMS0w_044775ba-d4ec-41d7-8a93-02e106224b78">2,100,503</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times 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0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfOC0zLTEtMS0w_09095f6c-1bca-4bdc-949a-419247e7a7c7">187,890</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Real estate fund investment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfOS0xLTEtMS0w_18e3560e-78e3-4b66-9a3f-56caa9fc272a">79,156</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfOS0zLTEtMS0w_cfb96682-1c28-4ebf-8a3d-a217e47cd4d5">79,192</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Investments in real estate and other assets held for sale</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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investments in real estate</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentPropertyNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTEtMS0xLTEtMA_adfc5095-3188-4a19-8aa2-9280714e47f1">2,643,927</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentPropertyNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTEtMy0xLTEtMA_cc656555-0ac5-4caa-bbb3-9fb1aec3e524">2,401,733</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash and cash equivalents (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTItMC0xLTEtMC90ZXh0cmVnaW9uOjBmNjdmNGY1MDMzZDQ0YzQ4Mzc0NmNlNWJlYTdhMjNhXzU1_d5d66880-e2d9-47d3-9bd9-fdcb8ea2aefd">5,364</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTItMC0xLTEtMC90ZXh0cmVnaW9uOjBmNjdmNGY1MDMzZDQ0YzQ4Mzc0NmNlNWJlYTdhMjNhXzYz_9f5b876b-e097-46b2-9c43-d9b0f8c5d31d">3,159</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTItMS0xLTEtMA_d7c28129-2c25-4552-b7d9-f9321d9dec49">175,691</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTItMy0xLTEtMA_ffdc4299-521a-4a92-87f6-b8ffadf1d2bb">84,805</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Restricted cash (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTMtMC0xLTEtMC90ZXh0cmVnaW9uOjlhNTgzMmIxMjMyMzQ2ODJiZTA4M2E5YTQyNzE2ODY0XzQ1_0078d374-c8ae-46a9-a3f6-f62082586216">478</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTMtMC0xLTEtMC90ZXh0cmVnaW9uOjlhNTgzMmIxMjMyMzQ2ODJiZTA4M2E5YTQyNzE2ODY0XzUz_da5ac192-d34c-4580-a798-e4523ae0e2bf">800</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTMtMS0xLTEtMA_f044e93f-895a-4995-80f6-464485ef3e64">38,935</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTMtMy0xLTEtMA_c47dc891-8479-45f8-8023-7cc1e185113f">16,629</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Tenant accounts receivable, net (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOjJiZGEzMTE2MWM4MzQ4MTk4ZTEzZWNlMDM4MjEyYTE5XzYx_55cdbde1-2b57-43c8-a075-4928aa1aa710">2,466</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOjJiZGEzMTE2MWM4MzQ4MTk4ZTEzZWNlMDM4MjEyYTE5XzY5_51e3f080-de32-43fb-a7ff-10610769d452">2,679</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTQtMS0xLTEtMA_b2036e0e-5fe2-4c4c-ab97-2cb367428bbd">8,681</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTQtMy0xLTEtMA_e2c9c0b7-db94-4a3b-abe2-229470d462d2">8,680</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Deferred expenses, net (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" name="us-gaap:DeferredCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOjFiZTg3ZDFjNGI4ODRmOTU5YzBkZGQwMTAxYTU4ZmZhXzUy_fb72f2bf-6c16-4049-8af4-b14c9a661fbb">470</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" name="us-gaap:DeferredCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOjFiZTg3ZDFjNGI4ODRmOTU5YzBkZGQwMTAxYTU4ZmZhXzYw_96aa0d70-ecbf-4175-a511-095eb6fdb256">516</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DeferredCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTUtMS0xLTEtMA_831cd450-2332-48ee-b1de-1a547ec21601">14,408</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DeferredCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTUtMy0xLTEtMA_b102023a-73b0-4a71-a53b-5dfe20fc1364">10,982</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Acquired intangible assets, net (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTYtMC0xLTEtMC90ZXh0cmVnaW9uOjY5YzNhZGVjNTg0MjRhZTY5YTE2Yzk2YWZhNDkwYzczXzYx_6c10b3bf-a419-4334-bb71-5f6c7e3d2fd0">2,122</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTYtMC0xLTEtMC90ZXh0cmVnaW9uOjY5YzNhZGVjNTg0MjRhZTY5YTE2Yzk2YWZhNDkwYzczXzY5_654364b3-9dc1-4dd7-951c-c5ee1f385e15">2,638</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTYtMS0xLTEtMA_946e820c-b4a8-4887-9775-20136bc7fb14">138,532</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTYtMy0xLTEtMA_1bba2e0b-4d3b-4283-bbe1-a2c66145ff22">105,206</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Deferred rent receivable, net (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DeferredRentReceivablesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTctMC0xLTEtMC90ZXh0cmVnaW9uOmFjMGZlMzA4NDFlMjQ2NTk5OWU1NzFjMmY0Yzg3ZGFjXzU5_f98a26b6-8e55-4c53-a354-b2035703397a">1,117</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DeferredRentReceivablesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTctMC0xLTEtMC90ZXh0cmVnaW9uOmFjMGZlMzA4NDFlMjQ2NTk5OWU1NzFjMmY0Yzg3ZGFjXzY3_0b702424-4c14-4644-960c-e6ea3ca7c67b">1,087</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DeferredRentReceivablesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTctMS0xLTEtMA_c938c01b-880e-45b4-b9c4-5b6e8ec91787">22,856</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DeferredRentReceivablesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTctMy0xLTEtMA_a0aaa413-6a4c-4152-ab4d-51c408ab4eeb">21,274</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Prepaid expenses and other assets (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" name="us-gaap:PrepaidExpenseAndOtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTgtMC0xLTEtMC90ZXh0cmVnaW9uOmQxZWFjMzNlMDhjZTQxZDdiZWFiOTc1YWYxM2Q1OTI3XzYz_3213370f-383c-4bc0-889a-c0b5b31626f7">224</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" name="us-gaap:PrepaidExpenseAndOtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTgtMC0xLTEtMC90ZXh0cmVnaW9uOmQxZWFjMzNlMDhjZTQxZDdiZWFiOTc1YWYxM2Q1OTI3Xzcx_b56b04db-ef39-4e35-9e9d-68c8b46467c6">164</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrepaidExpenseAndOtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTgtMS0xLTEtMA_54cd1a57-9b59-44a1-84ad-0ff1be4df7ed">17,881</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrepaidExpenseAndOtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTgtMy0xLTEtMA_cb12888f-0ecb-4413-a4d7-9d7989fe71d4">9,290</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">TOTAL ASSETS</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTktMS0xLTEtMA_55df03be-13f2-470b-a704-31b8b5f9a344">3,060,911</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMTktMy0xLTEtMA_7e8953d1-428e-4d6c-89f5-3ddf18ba278f">2,658,599</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">LIABILITIES AND EQUITY</span></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage notes and other debt payable, net (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjEtMC0xLTEtMC90ZXh0cmVnaW9uOmUyZGM1ZWI2Yzk4ZTQ4NzRhMzg2Y2JkZjdhOGRlMmIyXzcy_8f67a3ed-b4c3-44a4-a03f-94293c4f6d51">81,769</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjEtMC0xLTEtMC90ZXh0cmVnaW9uOmUyZGM1ZWI2Yzk4ZTQ4NzRhMzg2Y2JkZjdhOGRlMmIyXzgw_b00a6eea-079b-4273-9972-083a9233fc23">82,033</ix:nonFraction>, respectively)</span></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjEtMS0xLTEtMA_f3b0ede5-ea28-480a-a1ab-8ca84a9c0082">1,008,496</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjEtMy0xLTEtMA_7bcfec53-004f-4bdd-9beb-4e648a6c548c">868,102</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Liabilities held for sale</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:zerodash" name="us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjItMS0xLTEtMA_33feae21-9238-4f4d-b2b4-6f219ae36e47">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjItMy0xLTEtMA_4bfa6e1a-48c1-440c-94e0-565f1fd53c83">18,242</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Accounts payable and other liabilities (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjMtMC0xLTEtMC90ZXh0cmVnaW9uOmJjMWNhNjUwMDcwMjQyY2NiOWJkODQ2NTNlZjk3NDFlXzY4_c778bb33-dfdf-4b87-b7da-e21e751f2b87">1,403</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjMtMC0xLTEtMC90ZXh0cmVnaW9uOmJjMWNhNjUwMDcwMjQyY2NiOWJkODQ2NTNlZjk3NDFlXzc2_a89f219b-05b5-46a4-a654-ddb6d262d4e5">1,335</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjMtMS0xLTEtMA_9d123295-864d-45aa-b734-6822b1086955">61,095</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjMtMy0xLTEtMA_6c66c288-d011-483f-b4c7-83a12754e85c">36,137</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Financing obligation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LeaseDepositLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjQtMS0xLTEtMA_5176812d-5429-4f61-8caf-56aed7c262d2">285,201</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LeaseDepositLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjQtMy0xLTEtMA_2deef3ae-7079-45a3-aea6-53c3fd2ddced"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LeaseDepositLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjQtMy0xLTEtMA_adc6ff2e-97f4-46d9-8836-318befaa6229">155,882</ix:nonFraction></ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Accrued offering costs</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:AccruedOfferingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjUtMS0xLTEtMA_e273ddea-21bd-4cd0-86e5-76b749115cd7">116,033</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="jllipt:AccruedOfferingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjUtMy0xLTEtMA_07cfadb1-7ece-46f7-9fd9-7fda785de8c8">106,908</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Accrued interest (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjctMC0xLTEtMC90ZXh0cmVnaW9uOmJiN2ZkYmYwYzI1MzRhYzU5YTQ3YzU4Y2E5NDRlMjA1XzQ2_9cdc11bc-1508-4df2-8a93-d01e0a04d04e">294</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjctMC0xLTEtMC90ZXh0cmVnaW9uOmJiN2ZkYmYwYzI1MzRhYzU5YTQ3YzU4Y2E5NDRlMjA1XzU0_5b2954b2-71ab-4c45-9a93-69a90ee84628">296</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjctMS0xLTEtMA_e0033e03-7737-4bd4-8295-12183b46a44b">2,232</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjctMy0xLTEtMA_818fb87a-6db9-4cba-847b-a39a5cec37fe">2,153</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Accrued real estate taxes (including from VIEs of $<ix:nonFraction unitRef="usd" contextRef="i33b7230004114d0fae12e349b8140e06_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjgtMC0xLTEtMC90ZXh0cmVnaW9uOjU1YTc2MGZlYzI2YjRmZGM4NWUwYzdkYjQyMGVjMzc1XzU1_e4c6c314-5537-4d77-8219-81f738808e00">1,141</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i8aa59585530e4ad7a92192cfa49795c8_I20201231" decimals="-3" name="us-gaap:AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjgtMC0xLTEtMC90ZXh0cmVnaW9uOjU1YTc2MGZlYzI2YjRmZGM4NWUwYzdkYjQyMGVjMzc1XzYz_2089fa96-17f6-412e-b962-2cb67648fa06">738</ix:nonFraction>, respectively)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjgtMS0xLTEtMA_40833b48-4aef-46ff-89b2-7998d61a6223">9,340</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjgtMy0xLTEtMA_b5ef17c4-4a2c-4532-b9d0-10c2fcf15846">6,640</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Advisor fees payable</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DueToRelatedPartiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjktMS0xLTEtMA_eaabab69-8b80-47f2-9293-fa5e4ee8aac1">2,270</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DueToRelatedPartiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMjktMy0xLTEtMA_fe18198a-4ebe-459f-92dc-d5ee5a9130e3">2,122</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Acquired intangible liabilities, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:AcquiredIntangibleLiabilitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzAtMS0xLTEtMA_02263653-af90-463d-9aa7-34b69470e249">28,644</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="jllipt:AcquiredIntangibleLiabilitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzAtMy0xLTEtMA_2a82fb03-b200-4a2b-87c6-e10b634b116e">14,990</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">TOTAL LIABILITIES</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzEtMS0xLTEtMA_dc46a634-c7cb-49f6-a6fa-9e1bbd5a1d58">1,513,311</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzEtMy0xLTEtMA_ff522933-903c-4ddc-aaf3-bce02e1a6c34">1,211,176</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Commitments and contingencies</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:zerodash" name="us-gaap:CommitmentsAndContingencies" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzItMS0xLTEtMA_1efc6b08-b30b-4135-b750-d4604e9b6706">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:CommitmentsAndContingencies" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzItMy0xLTEtMA_7ecdeb46-7020-4d65-abb7-37fbc42048f2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Equity:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Class A common stock: $<ix:nonFraction unitRef="usdPerShare" contextRef="ibc2c379c507c406a9cef760db7f4db8b_I20210630" decimals="2" name="us-gaap:CommonStockParOrStatedValuePerShare" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzQtMC0xLTEtMC90ZXh0cmVnaW9uOjRiMGRlYzAxM2I5MzQ5ZDZhMGNkOTE2MjFmNzA4NzgzXzI3_045f8f7e-bcc3-489e-a8a2-42e13eeebe7b">0.01</ix:nonFraction> par value; <ix:nonFraction unitRef="shares" contextRef="ibc2c379c507c406a9cef760db7f4db8b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesAuthorized" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzQtMC0xLTEtMC90ZXh0cmVnaW9uOjRiMGRlYzAxM2I5MzQ5ZDZhMGNkOTE2MjFmNzA4NzgzXzQx_c09bbe76-25c6-4152-a581-f162940b8cf0">200,000,000</ix:nonFraction> shares authorized; <ix:nonFraction unitRef="shares" contextRef="ibc2c379c507c406a9cef760db7f4db8b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzQtMC0xLTEtMC90ZXh0cmVnaW9uOjRiMGRlYzAxM2I5MzQ5ZDZhMGNkOTE2MjFmNzA4NzgzXzYz_20e24c10-5e83-4c36-b7f7-a2c679daa62d"><ix:nonFraction unitRef="shares" contextRef="ibc2c379c507c406a9cef760db7f4db8b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzQtMC0xLTEtMC90ZXh0cmVnaW9uOjRiMGRlYzAxM2I5MzQ5ZDZhMGNkOTE2MjFmNzA4NzgzXzYz_cdf3e60d-00d0-412b-b0a0-31a2ee8494ae">92,740,925</ix:nonFraction></ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="i63cfaf8b00004ce2bf52630926396dd7_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzQtMC0xLTEtMC90ZXh0cmVnaW9uOjRiMGRlYzAxM2I5MzQ5ZDZhMGNkOTE2MjFmNzA4NzgzXzcw_5c1b50af-9c5b-4e3f-a480-4de655f6170f"><ix:nonFraction unitRef="shares" contextRef="i63cfaf8b00004ce2bf52630926396dd7_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzQtMC0xLTEtMC90ZXh0cmVnaW9uOjRiMGRlYzAxM2I5MzQ5ZDZhMGNkOTE2MjFmNzA4NzgzXzcw_ce740168-3f50-447a-888b-de0735d3f614">89,671,096</ix:nonFraction></ix:nonFraction> shares issued and outstanding at June&#160;30, 2021 and December&#160;31, 2020, respectively </span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibc2c379c507c406a9cef760db7f4db8b_I20210630" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzQtMS0xLTEtMA_047ccdba-1501-4129-915a-27990388a0e5">927</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i63cfaf8b00004ce2bf52630926396dd7_I20201231" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzQtMy0xLTEtMA_6ea4f864-4b04-4219-be79-8fbbe804e868">897</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Class M common stock: $<ix:nonFraction unitRef="usdPerShare" contextRef="i6c1119dd1e2b467a87edfaa7e5d4c58c_I20210630" decimals="2" name="us-gaap:CommonStockParOrStatedValuePerShare" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzUtMC0xLTEtMC90ZXh0cmVnaW9uOjczMmVmNzk2MzI3NDQ1YzA4YTZiYmUyYjg4ODQ3ODhlXzI3_a8174567-c552-4026-b2f5-9fb21a57d9b9">0.01</ix:nonFraction> par value; <ix:nonFraction unitRef="shares" contextRef="i6c1119dd1e2b467a87edfaa7e5d4c58c_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesAuthorized" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzUtMC0xLTEtMC90ZXh0cmVnaW9uOjczMmVmNzk2MzI3NDQ1YzA4YTZiYmUyYjg4ODQ3ODhlXzQx_99772935-f86e-452d-b501-af7bf07a54bb">200,000,000</ix:nonFraction> shares authorized; <ix:nonFraction unitRef="shares" contextRef="i6c1119dd1e2b467a87edfaa7e5d4c58c_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzUtMC0xLTEtMC90ZXh0cmVnaW9uOjczMmVmNzk2MzI3NDQ1YzA4YTZiYmUyYjg4ODQ3ODhlXzYz_4fc9d86a-67d9-4305-a68c-b79ba44178f8"><ix:nonFraction unitRef="shares" contextRef="i6c1119dd1e2b467a87edfaa7e5d4c58c_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzUtMC0xLTEtMC90ZXh0cmVnaW9uOjczMmVmNzk2MzI3NDQ1YzA4YTZiYmUyYjg4ODQ3ODhlXzYz_d895e809-4ff2-4ade-a6ab-5226f0028bd8">35,056,224</ix:nonFraction></ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="i3c006e6a895a42c180f9670c9635bf82_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzUtMC0xLTEtMC90ZXh0cmVnaW9uOjczMmVmNzk2MzI3NDQ1YzA4YTZiYmUyYjg4ODQ3ODhlXzcw_5039b023-5ab3-40a1-a798-a7e68f3b4d4e"><ix:nonFraction unitRef="shares" contextRef="i3c006e6a895a42c180f9670c9635bf82_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzUtMC0xLTEtMC90ZXh0cmVnaW9uOjczMmVmNzk2MzI3NDQ1YzA4YTZiYmUyYjg4ODQ3ODhlXzcw_cebd99b1-9d4f-4e4e-b4da-897e84844d0b">35,612,156</ix:nonFraction></ix:nonFraction> shares issued and outstanding at June&#160;30, 2021 and December&#160;31, 2020, respectively </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6c1119dd1e2b467a87edfaa7e5d4c58c_I20210630" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzUtMS0xLTEtMA_aeee78ce-3334-4882-9806-8bc9e6831254">351</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3c006e6a895a42c180f9670c9635bf82_I20201231" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzUtMy0xLTEtMA_2c30bea5-3e51-4b14-a32d-acfd4ab6c714">356</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Class A-I common stock: $<ix:nonFraction unitRef="usdPerShare" contextRef="ie4cb22a108fe4a679c9581ea2ddf181b_I20210630" decimals="2" name="us-gaap:CommonStockParOrStatedValuePerShare" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzYtMC0xLTEtMC90ZXh0cmVnaW9uOmNjMzM1OWQ1OTMyNjQyNDY5Mzk2ZDhlNDQ0ZTNlZGRmXzI5_e86a405d-6563-45ed-9d36-2aafdedc8d20">0.01</ix:nonFraction> par value; <ix:nonFraction unitRef="shares" contextRef="ie4cb22a108fe4a679c9581ea2ddf181b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesAuthorized" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzYtMC0xLTEtMC90ZXh0cmVnaW9uOmNjMzM1OWQ1OTMyNjQyNDY5Mzk2ZDhlNDQ0ZTNlZGRmXzQz_b8cbbe53-f263-4a52-982a-57c7e8cc347c">200,000,000</ix:nonFraction> shares authorized; <ix:nonFraction unitRef="shares" contextRef="ie4cb22a108fe4a679c9581ea2ddf181b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzYtMC0xLTEtMC90ZXh0cmVnaW9uOmNjMzM1OWQ1OTMyNjQyNDY5Mzk2ZDhlNDQ0ZTNlZGRmXzY1_6fe1bd24-3fdb-4ab7-b4b4-f4c69f581b7d"><ix:nonFraction unitRef="shares" contextRef="ie4cb22a108fe4a679c9581ea2ddf181b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzYtMC0xLTEtMC90ZXh0cmVnaW9uOmNjMzM1OWQ1OTMyNjQyNDY5Mzk2ZDhlNDQ0ZTNlZGRmXzY1_a3a608dd-8a9b-4d8d-9cc8-472175c6500e">9,584,832</ix:nonFraction></ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="ie86d73e158ce4c20823bea4df9b2f4c1_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzYtMC0xLTEtMC90ZXh0cmVnaW9uOmNjMzM1OWQ1OTMyNjQyNDY5Mzk2ZDhlNDQ0ZTNlZGRmXzcy_5da008a8-4e89-422c-b375-c08d766fd601"><ix:nonFraction unitRef="shares" contextRef="ie86d73e158ce4c20823bea4df9b2f4c1_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzYtMC0xLTEtMC90ZXh0cmVnaW9uOmNjMzM1OWQ1OTMyNjQyNDY5Mzk2ZDhlNDQ0ZTNlZGRmXzcy_ab5e48db-cf9a-45ca-9d31-5cb88cf11f9a">9,616,299</ix:nonFraction></ix:nonFraction> shares issued and outstanding at June&#160;30, 2021 and December&#160;31, 2020, respectively </span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie4cb22a108fe4a679c9581ea2ddf181b_I20210630" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzYtMS0xLTEtMA_60bdedd8-5997-4895-85db-cbf9f258e05b">96</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie86d73e158ce4c20823bea4df9b2f4c1_I20201231" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzYtMy0xLTEtMA_d29cb081-1035-4fb4-b91c-3f0be14b7e30">96</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Class M-I common stock: $<ix:nonFraction unitRef="usdPerShare" contextRef="i22454d7ea1b0438db2509c878492e697_I20210630" decimals="2" name="us-gaap:CommonStockParOrStatedValuePerShare" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzctMC0xLTEtMC90ZXh0cmVnaW9uOjM0M2IwMDNhMzI0YTRiY2ViMjYzMDBmYzFkZTgxMjYyXzI5_2f015db0-19fe-4961-b0ee-1dd830aeb6f0">0.01</ix:nonFraction> par value; <ix:nonFraction unitRef="shares" contextRef="i22454d7ea1b0438db2509c878492e697_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesAuthorized" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzctMC0xLTEtMC90ZXh0cmVnaW9uOjM0M2IwMDNhMzI0YTRiY2ViMjYzMDBmYzFkZTgxMjYyXzQz_49eaecb1-1101-41bd-83bf-2d82a4a8e9f0">200,000,000</ix:nonFraction> shares authorized; <ix:nonFraction unitRef="shares" contextRef="i22454d7ea1b0438db2509c878492e697_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzctMC0xLTEtMC90ZXh0cmVnaW9uOjM0M2IwMDNhMzI0YTRiY2ViMjYzMDBmYzFkZTgxMjYyXzY1_0bfc8632-c692-46a1-bc80-0eb924f03c4d"><ix:nonFraction unitRef="shares" contextRef="i22454d7ea1b0438db2509c878492e697_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzctMC0xLTEtMC90ZXh0cmVnaW9uOjM0M2IwMDNhMzI0YTRiY2ViMjYzMDBmYzFkZTgxMjYyXzY1_8a39b768-a40b-4765-94e4-6965210ad0d8">39,559,491</ix:nonFraction></ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="ifd2da2e069654e95920b7a8b379f431e_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzctMC0xLTEtMC90ZXh0cmVnaW9uOjM0M2IwMDNhMzI0YTRiY2ViMjYzMDBmYzFkZTgxMjYyXzcy_46ec7af1-d708-47b7-b465-f2ba42acea72"><ix:nonFraction unitRef="shares" contextRef="ifd2da2e069654e95920b7a8b379f431e_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzctMC0xLTEtMC90ZXh0cmVnaW9uOjM0M2IwMDNhMzI0YTRiY2ViMjYzMDBmYzFkZTgxMjYyXzcy_57ce323b-c933-4969-84d2-cb5cd2ff70ea">33,247,001</ix:nonFraction></ix:nonFraction> shares issued and outstanding at June&#160;30, 2021, and December&#160;31, 2020, respectively </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i22454d7ea1b0438db2509c878492e697_I20210630" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzctMS0xLTEtMA_b3b11626-ec5e-4a73-acec-cfad5ad300b3">396</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifd2da2e069654e95920b7a8b379f431e_I20201231" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzctMy0xLTEtMA_040c5d11-f3be-4d0d-8beb-5788c2fdd852">332</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Class D common stock: $<ix:nonFraction unitRef="usdPerShare" contextRef="i8e5f7ede747f4c12bcd6a617512b5bdf_I20210630" decimals="2" name="us-gaap:CommonStockParOrStatedValuePerShare" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzgtMC0xLTEtMC90ZXh0cmVnaW9uOjQ5ZTkwYjc2Y2IxNjQyZDE5NTM0NDhlNTE0NGJkY2MzXzI3_c080ab3e-1857-4d56-a199-96edf6ae15b9">0.01</ix:nonFraction> par value; <ix:nonFraction unitRef="shares" contextRef="i8e5f7ede747f4c12bcd6a617512b5bdf_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesAuthorized" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzgtMC0xLTEtMC90ZXh0cmVnaW9uOjQ5ZTkwYjc2Y2IxNjQyZDE5NTM0NDhlNTE0NGJkY2MzXzQx_94949442-871e-4b4c-93f8-bf13e8bd3676">200,000,000</ix:nonFraction> shares authorized; <ix:nonFraction unitRef="shares" contextRef="i8e5f7ede747f4c12bcd6a617512b5bdf_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzgtMC0xLTEtMC90ZXh0cmVnaW9uOjQ5ZTkwYjc2Y2IxNjQyZDE5NTM0NDhlNTE0NGJkY2MzXzYz_3089aa1b-22e0-40c0-8ec9-e51c4aa500b0"><ix:nonFraction unitRef="shares" contextRef="i8e5f7ede747f4c12bcd6a617512b5bdf_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzgtMC0xLTEtMC90ZXh0cmVnaW9uOjQ5ZTkwYjc2Y2IxNjQyZDE5NTM0NDhlNTE0NGJkY2MzXzYz_cb00d226-bbd9-4210-9164-f99ab4788504">7,513,281</ix:nonFraction></ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="i78cf8cfabd764d24a79236d491dd3fbf_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzgtMC0xLTEtMC90ZXh0cmVnaW9uOjQ5ZTkwYjc2Y2IxNjQyZDE5NTM0NDhlNTE0NGJkY2MzXzcw_5719f90f-f29c-4f52-9852-c8ede445b547"><ix:nonFraction unitRef="shares" contextRef="i78cf8cfabd764d24a79236d491dd3fbf_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzgtMC0xLTEtMC90ZXh0cmVnaW9uOjQ5ZTkwYjc2Y2IxNjQyZDE5NTM0NDhlNTE0NGJkY2MzXzcw_651e1be6-8621-4cba-8b81-c3816e66bb11">4,957,915</ix:nonFraction></ix:nonFraction> shares issued and outstanding at June&#160;30, 2021 and December&#160;31, 2020, respectively </span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8e5f7ede747f4c12bcd6a617512b5bdf_I20210630" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzgtMS0xLTEtMA_56df174d-2267-4737-80be-b815558ea916">75</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i78cf8cfabd764d24a79236d491dd3fbf_I20201231" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzgtMy0xLTEtMA_ed1b5fb7-be57-440f-9575-479c9f9b7365">50</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Additional paid-in capital (net of offering costs of $<ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:Accumulatedstockissuancecosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzktMC0xLTEtMC90ZXh0cmVnaW9uOmM2MWYwOTE4NDk0ZTQwMTg5MGRiMGI4NTcwMDBmMjYzXzU4_083d7603-c5c9-40c3-b354-ce825a2d3289">233,628</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="jllipt:Accumulatedstockissuancecosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzktMC0xLTEtMC90ZXh0cmVnaW9uOmM2MWYwOTE4NDk0ZTQwMTg5MGRiMGI4NTcwMDBmMjYzXzY2_dd2b2886-40cb-434d-9780-041022fa2092">216,405</ix:nonFraction>  as of June&#160;30, 2021 and December&#160;31, 2020, respectively)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdditionalPaidInCapitalCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzktMS0xLTEtMA_8a57d12a-2237-43a3-8bb1-798d18b8e5b4">2,040,114</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdditionalPaidInCapitalCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfMzktMy0xLTEtMA_2d9ed9fd-73d6-4e35-9680-8d2ec81d556e">1,922,136</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Distributions to stockholders</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccumulatedDistributionsInExcessOfNetIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDEtMS0xLTEtMA_6f090c39-a4f6-46e4-a456-055977d3540c">525,732</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccumulatedDistributionsInExcessOfNetIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDEtMy0xLTEtMA_4c72fb65-58df-4981-b7e4-de163dd189bb">481,760</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 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style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:RetainedEarningsAccumulatedDeficit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDItMy0xLTEtMA_4ae9e0bc-8684-4953-b248-29ee7eca128d">14,723</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total Jones Lang LaSalle Income Property Trust, Inc. stockholders&#8217; equity</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDMtMS0xLTEtMA_c9e86176-e3b3-44d4-8721-f60c0a7cb330">1,527,832</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDMtMy0xLTEtMA_6ea1ffe1-ac83-4078-a209-8f490002c68c">1,427,384</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MinorityInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDQtMS0xLTEtMA_4fcde32c-f293-4da7-8b6c-4e0540168730">19,768</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MinorityInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDQtMy0xLTEtMA_2c21e0c0-903e-4039-bbda-c434ad3f6b38">20,039</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total equity</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDUtMS0xLTEtMA_1e5bf311-4295-4f81-9b8e-56fd52a681b9">1,547,600</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDUtMy0xLTEtMA_697b963e-e7f1-4e7a-bc37-2c655d0ef257">1,447,423</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">TOTAL LIABILITIES AND EQUITY</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" 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style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LiabilitiesAndStockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xMy9mcmFnOjQyNjFlYmY1YzAxYjQyYzRiMjBkNDAyY2U4YTI3MmRiL3RhYmxlOjViNzIwMWQxZGY1NTQ4YTM5YjQ4ZDYxYzEzZjg4MzBiL3RhYmxlcmFuZ2U6NWI3MjAxZDFkZjU1NDhhMzliNDhkNjFjMTNmODgzMGJfNDYtMy0xLTEtMA_f939a27d-488d-4190-8abd-8c39185f1356">2,658,599</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The abbreviation &#8220;VIEs&#8221; above means consolidated Variable Interest Entities.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">See notes to consolidated financial statements.</span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_16"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Jones Lang LaSalle Income Property Trust, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONSOLIDATED STATEMENTS OF OPERATIONS</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$ in thousands, except share and per share amounts</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:39.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.145%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.512%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.145%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.512%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.145%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.512%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.146%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenues:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Rental revenue</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMi0xLTEtMS0w_05b41e68-6e00-4a50-ae5f-5d7e1b36234b">52,538</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMi0zLTEtMS0w_d0656e9c-724a-41ba-8185-00616575ded8">45,483</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMi01LTEtMS0w_1d4639b1-8d9b-4cea-8b83-6ec59aa7e748">103,269</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMi03LTEtMS0w_3cb779a6-e6e5-4b9b-a584-926f4839562f">92,400</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other revenue</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMy0xLTEtMS0w_39becb2a-ad0e-4eb9-8308-b81e733e0f6c">3,508</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMy0zLTEtMS0w_27792007-917a-43ad-b138-82d9883a3913">1,433</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMy01LTEtMS0w_07c34b8d-7442-425a-ab05-2e13e9164caa">5,358</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMy03LTEtMS0w_9fdec1bd-8410-4f1b-99b3-cd1b9c631a76">3,176</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total revenues</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNC0xLTEtMS0w_d369eddf-d39f-470e-9d76-7c6fedc08c92">56,046</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNC0zLTEtMS0w_b740998f-78c3-4671-9da6-6c318d272e53">46,916</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNC01LTEtMS0w_4376b15b-533b-4c91-823d-dd670b9bf4dd">108,627</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNC03LTEtMS0w_bdfd91fa-b8d3-45e4-a84a-aac9938f1d8f">95,576</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Real estate taxes</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNi0xLTEtMS0w_ec4e398e-ae52-4de9-8570-c0c2a42ec100">8,205</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNi0zLTEtMS0w_019d4941-7e9d-4143-ac42-1e4b33abcdc7">7,306</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNi01LTEtMS0w_690097d1-dba4-43fd-b904-30cea2a66662">16,291</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNi03LTEtMS0w_dbdc5fc8-e74e-48f5-990e-8272971641af">14,847</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Property operating expenses</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNy0xLTEtMS0w_ee0e90b7-309b-4c26-a6b7-660d6baeb3ce">10,194</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNy0zLTEtMS0w_6fd9183c-ceca-4c94-90f6-a286197cd42f">8,821</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNy01LTEtMS0w_8fcc172a-3e70-4e81-9c1c-d5716184005d">20,105</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNy03LTEtMS0w_6c9ba1fc-0040-4d97-ba68-fbe37d185abf">17,579</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Property general and administrative</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfOS0xLTEtMS0w_5f11ea81-f398-40af-87ee-294f6050931a">184</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfOS0zLTEtMS0w_293b715f-8807-4dd6-ae77-daa067abc034">333</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Advisor fees</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestExpenseInvestmentAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTAtMS0xLTEtMA_370b4234-3f37-42b8-a597-32ee178bc029">6,749</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestExpenseInvestmentAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTAtMy0xLTEtMA_c34c204a-c1a1-4f82-9576-baa2d813638b">6,279</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 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0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestExpenseInvestmentAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTAtNy0xLTEtMA_8324109d-dec2-40a6-af08-4dbe9f6c3103">12,857</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Company level expenses</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="jllipt:FundLevelExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTEtMS0xLTEtMA_c1210fdf-3b8e-42b5-a78b-8602e6133b85">990</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" name="jllipt:FundLevelExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTEtMy0xLTEtMA_effc5a21-df26-4b5f-bb14-8b5b241a1838">594</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:FundLevelExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTEtNS0xLTEtMA_a03e3379-12cc-4b07-b4fa-156726a7a2f7">2,183</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:FundLevelExpenses" scale="3" 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style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DepreciationAndAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTQtMS0xLTEtMA_447a7109-d0f3-4973-87ec-3662c6e55cbe">21,218</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DepreciationAndAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTQtMy0xLTEtMA_f9a2e7c0-606e-48ed-b27e-cdfeca6e721d">18,564</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DepreciationAndAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTQtNS0xLTEtMA_c2b8dcf7-7fa1-41a0-aeef-14526362a280">41,163</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DepreciationAndAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTQtNy0xLTEtMA_193283a2-9555-4fef-8492-d865123aabca">37,620</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total operating expenses</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTUtMy0xLTEtMA_fad292df-a0af-44b5-8e7e-7413d1c1b733">41,897</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTUtNS0xLTEtMA_5f4fa670-adcc-4319-a8ea-cf55e146b243">93,292</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTUtNy0xLTEtMA_57f331e1-3549-47f4-a6fb-0f3d1126fd87">87,332</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other income (expenses):</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTgtMS0xLTEtMA_09502856-8979-4478-8517-097f13a3abf7">10,288</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTgtMy0xLTEtMA_c52d270a-d05e-49ef-bee8-be0a7bd9e3bd">9,265</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTgtNS0xLTEtMA_fe6cbbaa-d603-446b-8e91-c166c05732e8">19,550</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMTgtNy0xLTEtMA_ac9cd39a-a491-4cdb-9100-6fc8ecb8e0c7">23,800</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss from unconsolidated real estate affiliates and fund investments</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjEtMS0xLTEtMA_c1cc0e32-4286-4b5f-86ba-c2838cb22a1d">2,412</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjEtMy0xLTEtMA_f5fd88ea-90e3-45c9-846e-7ede8366a7e1">3,970</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjEtNS0xLTEtMA_17999395-d1de-4bfb-8dc9-57381b608566">2,751</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjEtNy0xLTEtMA_e7289d4f-2296-434c-bc79-65bbdbeb622b">12,897</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gain on disposition of property and extinguishment of debt, net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:zerodash" name="us-gaap:GainsLossesOnExtinguishmentOfDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjMtMS0xLTEtMA_3962ef37-c636-43bf-9c08-a708fa452ccc">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:zerodash" name="us-gaap:GainsLossesOnExtinguishmentOfDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjMtMy0xLTEtMA_fc9207e5-d0b1-4259-a93e-c70cc788afbf">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainsLossesOnExtinguishmentOfDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjMtNS0xLTEtMA_fb8652ed-1c12-40f8-89b0-289a1553a4bc">33,422</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainsLossesOnExtinguishmentOfDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjMtNy0xLTEtMA_3e3d6664-4065-4547-8d6f-366f96684472">1,708</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total other income and (expenses)</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjYtMS0xLTEtMA_7119b854-f676-4acd-912c-7247f07ef06c">12,700</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjYtMy0xLTEtMA_df081707-4314-481e-a6ae-828e6c8f17ff">13,235</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjYtNS0xLTEtMA_f0ed0335-32f3-472f-8b33-dbaa35fa7f34">11,121</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMjYtNy0xLTEtMA_d7101b24-4c5f-4f5e-9edd-dc684130075f">34,989</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net (loss) income</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProfitLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzEtMS0xLTEtMA_1739cc84-3135-4458-9c93-5aa2b574d3ad">3,826</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProfitLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzEtMy0xLTEtMA_2b2efd51-b9cb-4d14-adcf-6edf1da2fe08">8,216</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProfitLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzEtNS0xLTEtMA_6ade8e8a-b3ba-40d3-97d5-e2060b18e2d8">26,456</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProfitLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzEtNy0xLTEtMA_9e3c6b81-deb0-44a7-9fd7-8f099cc3122d">26,745</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less: Net loss (income) attributable to the noncontrolling interests</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" sign="-" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzItMS0xLTEtMA_c9fa8ba7-2948-453c-8cc9-acdf1c010978">49</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" sign="-" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzItMy0xLTEtMA_9d2f9f6c-f956-4ee8-84bc-7e8ed7d414f9">12</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzItNS0xLTEtMA_4708c2b6-acf2-417e-bd74-4e5f0e5cb27d">128</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzItNy0xLTEtMA_72529410-ea69-4476-97de-f4aa733725f7">8</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net (loss) income attributable to Jones Lang LaSalle Income Property Trust, Inc.</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzMtMS0xLTEtMA_873f4cd4-76ea-48b0-8e07-56a1b527eef3">3,777</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzMtMy0xLTEtMA_60807bb7-9085-4143-848e-c686da61e3f4">8,204</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzMtNS0xLTEtMA_4811af5a-38c1-4015-b198-3bfa15e7b613">26,328</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzMtNy0xLTEtMA_0ba73e38-4043-4901-9d36-6bf0ceb499c4">26,753</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net (loss) income attributable to Jones Lang LaSalle Income Property Trust, Inc. per share-basic and diluted:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"><ix:nonFraction unitRef="usdPerShare" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" xsi:nil="true" name="us-gaap:EarningsPerShareBasicAndDiluted" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzYtMS0xLTEtMA_7723647e-5135-452a-9241-56bde1d79932"></ix:nonFraction></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"><ix:nonFraction unitRef="usdPerShare" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" xsi:nil="true" name="us-gaap:EarningsPerShareBasicAndDiluted" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzYtMy0xLTEtMA_63716457-f80d-4426-8e89-b846050f8fcf"></ix:nonFraction></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"><ix:nonFraction unitRef="usdPerShare" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" xsi:nil="true" name="us-gaap:EarningsPerShareBasicAndDiluted" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzYtNS0xLTEtMA_ec759a3d-d694-42ac-901e-1d6815d968d6"></ix:nonFraction></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"><ix:nonFraction unitRef="usdPerShare" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" xsi:nil="true" name="us-gaap:EarningsPerShareBasicAndDiluted" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzYtNy0xLTEtMA_f73f353b-96ec-41cf-b95e-717666f61155"></ix:nonFraction></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Class A</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i82932d3803f54462810baedfc8c44976_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzctMS0xLTEtMA_3710b41a-0df5-493f-a8d3-cb3aff210b19">0.02</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="if60d7825d4e04896993ee0f175b0fd74_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzctMy0xLTEtMA_0921e54a-56a7-4ded-bd36-62f1430a9ec4">0.05</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i5bff40d3bc594da2af72b24cd5cc6418_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzctNS0xLTEtMA_24fd6c93-aa59-4498-8f2c-9e9c228166f9">0.15</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="ia59664acb7e64cc4a3206dfd0a3681b2_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzctNy0xLTEtMA_badb2b3a-5aef-4e82-b3c2-081405417bd9">0.16</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Class M</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i64100bf5d5e64be48d42da3683739093_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzgtMS0xLTEtMA_35f50c4e-6212-48fa-93bb-8237d786d944">0.02</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i206050e4a2c64c1483bb085e636ba333_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzgtMy0xLTEtMA_051623ac-d141-4e06-89b6-f4fbf050b2e3">0.05</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="if44cc210969440ebbb4ebf5ab394de2f_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzgtNS0xLTEtMA_cfee590a-de1b-4f63-9c0a-74934c7ffbbf">0.15</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="id90078c66bf749c081183c56d32ec07d_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzgtNy0xLTEtMA_1b8ac790-24e6-4475-8bef-74f8c4c92596">0.16</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Class A-I</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i32aadc12708e43f090ee650ae65c0f9f_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzktMS0xLTEtMA_728e23e3-f7cc-4722-a020-d7116bac8ae3">0.02</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="ib8bb54fe458d41789e291946f2e419a7_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzktMy0xLTEtMA_8c9da46a-8d27-4d97-96a0-c0a5be4d152a">0.05</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i3e6166068a64416e84502286e3c8ca47_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzktNS0xLTEtMA_2045517a-453b-4f42-b3e4-1b509b4750e3">0.15</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i2e8b37bb5cef4c73b8c96828abd46a31_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfMzktNy0xLTEtMA_38076d5e-2a54-4eff-8272-fad6b6f92ed4">0.16</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Class M-I</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i04a76781d62c40fcace5e493303af586_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDAtMS0xLTEtMA_41ba9a44-f771-4902-aafe-fe3aef0f7d7a">0.02</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i240392b5a7204504aef5152f660a7ef1_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDAtMy0xLTEtMA_9d2a28b7-dca6-492e-aec6-147725c8d07c">0.05</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i763fdcb480354072ab9d913fec1d33be_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDAtNS0xLTEtMA_943b12d9-85b3-4333-8926-1a9ffe3ea0bd">0.15</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i079c57c6a56140a09dfb427bdac0cb39_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDAtNy0xLTEtMA_d719c807-0f32-4d29-9733-e1f7c2dbd5cc">0.16</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Class D</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i902fe7d84ff1411dbb245b513d95e445_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDEtMS0xLTEtMA_1e44c475-ce40-4b55-8894-9c4dfbd4b86e">0.02</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i36da82e9a6ff4026a547a22248803169_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDEtMy0xLTEtMA_98d632ea-083a-4dfd-a306-a134c895b3a4">0.05</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i7d331a4c8e87427898bbe6b1f1484f3c_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDEtNS0xLTEtMA_25c55936-0514-4204-8bf6-6a5dc5b1d23d">0.15</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i59514ead30a04cc0939fb7878a7c82be_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDEtNy0xLTEtMA_d3fcbb3e-318b-4491-9876-5bf9c2ce6829">0.16</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Weighted average common stock outstanding-basic and diluted</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="jllipt:WeightedAverageNumberOfOutstandingSharesBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDItMS0xLTEtMA_4e11e824-a695-4fe3-9839-cc51218cbf87">181,126,712</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="0" format="ixt:numdotdecimal" name="jllipt:WeightedAverageNumberOfOutstandingSharesBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDItMy0xLTEtMA_2abdf348-c328-4421-a37f-0872b61d7638">170,103,439</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="jllipt:WeightedAverageNumberOfOutstandingSharesBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDItNS0xLTEtMA_b603a2ed-a29a-42e7-805f-d6f601b86284">177,963,466</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="jllipt:WeightedAverageNumberOfOutstandingSharesBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xNi9mcmFnOjdlY2FkMDAzMTYxYzRiZmU4MjVhNWRjYTgwZjlhOTVhL3RhYmxlOmVkOWY5NDVkNGVhZjRiYTlhMjlhMWNiMDU3ZjdjMTAzL3RhYmxlcmFuZ2U6ZWQ5Zjk0NWQ0ZWFmNGJhOWEyOWExY2IwNTdmN2MxMDNfNDItNy0xLTEtMA_e178b2e0-2ca2-4fae-b55e-0e398b702560">171,423,839</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See notes to consolidated financial statements.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_19"></div><hr style="page-break-after:always"/><div style="min-height:18pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Jones Lang LaSalle Income Property Trust, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONSOLIDATED STATEMENTS OF EQUITY</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$ in thousands, except share and per share amounts (Unaudited)</span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.786%"><tr><td style="width:1.0%"></td><td style="width:28.450%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.214%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.786%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.335%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.570%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.792%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Common Stock</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Additional Paid <br/>In Capital</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" 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Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNi0xNS0xLTEtMA_79dc0c74-9c97-42a9-ac4d-ae1dfc586185">3,592</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Stock based compensation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="ife73677d232840f5a05f4f6e67b8292b_D20200401-20200630" decimals="0" format="ixt:zerodash" name="us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensationGross" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNy0xLTEtMS0w_27e556ef-7543-4a66-91bf-ebc435a808a3">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i244dd4db6ee14a8aa72a7bf90423efa6_D20200401-20200630" decimals="-3" format="ixt:zerodash" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensationGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNy01LTEtMS0w_beab4d20-eb20-412a-b187-67f30a890222">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:zerodash" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensationGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNy0xNS0xLTEtMA_cd385e37-fcbd-4168-a608-1fde671a5526">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net loss</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib54a6b05530e4603916b4096f0d3adba_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfOC0xMS0xLTEtMA_6ff1ab69-9adc-49cb-9bf7-b1b20a09881b">8,204</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7dd1021306b3491fbb053046cfb375cb_D20200401-20200630" decimals="-3" sign="-" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfOC0xMy0xLTEtMA_16c7fa29-eec3-4a2d-9bdc-44041ad5708a">12</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfOC0xNS0xLTEtMA_b25975e7-f250-4238-ab7c-8083cd3affa9">8,216</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash contributions from noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7dd1021306b3491fbb053046cfb375cb_D20200401-20200630" decimals="-3" sign="-" name="us-gaap:NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfOS0xMy0xLTEtMA_0ea61a5b-9956-4de3-8e17-d29545df39dd">3</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" name="us-gaap:NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfOS0xNS0xLTEtMA_2fdac07a-4e9a-455a-a793-d50014450066">3</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Distributions declared per share ($<ix:nonFraction unitRef="usdPerShare" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="3" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTEtMC0xLTEtMzkvdGV4dHJlZ2lvbjoxZWFjYzg3MjYwMDU0NzIzOWVmMWYyNzg2YjM4OTM3NF8xMDk5NTExNjI3ODI4_4f77216d-e2b4-4edc-8043-b139a57793f7">0.135</ix:nonFraction>) </span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6bb8beea2b8245659f946fb0aca022f9_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DividendsCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTEtOS0xLTEtMA_22b706a7-0dc5-41df-a939-d1a25069f147">20,431</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DividendsCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTEtMTUtMS0xLTA_b96f9239-2565-4f1b-8a6b-2acd73fc25bd">20,431</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Balance, June&#160;30, 2020</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid 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solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic0b4df0caeba453585cd96096bfbddcb_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTItMy0xLTEtMA_05bdde56-43dd-4876-82eb-a5cb120d9c37">1,700</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib35356ebe7264208acf9ec70e3838fc1_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTItNS0xLTEtMA_b6bcf3ac-8db2-4280-89f9-0277798ce7a3">1,894,870</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iaf2d1b44a3144402b92d0d9fe8f3dbce_I20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTItOS0xLTEtMA_e3730def-d0fa-48e0-89dd-6b78e90c86a9">440,306</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6ab553e093044db9a3d7330a35af13cc_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTItMTMtMS0xLTA_e0d65a01-4b2a-4b80-a479-f2f57fd3b86d">5,974</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i665ba2f802154450b1ef03e8aa725c4c_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTItMTUtMS0xLTA_d9673520-bf1d-4f33-8b44-a654b59549fe">1,464,768</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTQtMS0xLTEtMA_a7bfd814-2c9f-44a8-b7f8-1f83d89e492e">165,745,572</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icaf94857ed9b43e589b48d6eaa93ba45_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTQtMy0xLTEtMA_1ce7f43f-9069-4b6f-9dbc-63a1edc3780f">1,658</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia7d2253e82704948a5dfa445682a864a_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTQtNS0xLTEtMA_43ef218f-6ef3-4156-a9ed-b88587aa58ac">1,860,734</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 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style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia5cfa239297c4804b4dcbb3259d4d717_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTQtMTUtMS0xLTA_ec551b75-f734-4551-83ac-ae03641ef6a8">1,498,757</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Issuance of common stock</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i21e06b24b3e1473a848e4c858eb1709e_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTUtMS0xLTEtMA_22b846a4-11c3-4fd9-9f32-5693c4b06084">18,884,524</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i21e06b24b3e1473a848e4c858eb1709e_D20200101-20200630" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTUtMy0xLTEtMA_1b3819ce-aa04-4907-8677-32ee7c0a3c4d">189</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf50cdf461034781a2979ab1a49d9e6b_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTUtNS0xLTEtMA_df88ac13-ca3d-45e8-ab29-768d98034aa4">230,872</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTUtMTUtMS0xLTA_42dc054d-3cc1-4fcd-ae23-29d71938078f">231,061</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTYtMS0xLTEtMA_32713a9a-b072-491d-9598-5f2a38168372">14,715,002</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i21e06b24b3e1473a848e4c858eb1709e_D20200101-20200630" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" scale="3" 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colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 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style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTctMTUtMS0xLTA_8186a6d0-adda-4a04-b87c-d618c2dd0c25">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Offering costs</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="idf50cdf461034781a2979ab1a49d9e6b_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" 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style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 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style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Stock based compensation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i21e06b24b3e1473a848e4c858eb1709e_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensationGross" scale="0" 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style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf50cdf461034781a2979ab1a49d9e6b_D20200101-20200630" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensationGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMTktNS0xLTEtMA_2c95c8f2-6f4a-4f98-b68c-d31f30611605">192</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensationGross" scale="3" 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style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i08d770cc387c4983bc930d7cc3f900bb_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjAtMTEtMS0xLTA_46b1f742-7f5c-4244-b7c0-7ebf36b8739c">26,753</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4ad8aaac71954d6686237ebb2bfa5925_D20200101-20200630" decimals="-3" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjAtMTMtMS0xLTA_28b85b83-1af7-4781-a74d-810660e23463">8</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" 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colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash contributions from noncontrolling interests</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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contextRef="i4ad8aaac71954d6686237ebb2bfa5925_D20200101-20200630" decimals="-3" name="us-gaap:NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjItMTMtMS0xLTA_91bd83b2-7a6b-4acb-a425-7f665fb70afd">1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjMtMTMtMS0xLTA_20991e5c-5b68-4a7d-92c1-cd9153ecc916">56</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjMtMTUtMS0xLTA_e33f2966-ebe1-4090-a743-e3b75050fd98">56</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Distributions declared per share ($<ix:nonFraction unitRef="usdPerShare" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="3" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib35356ebe7264208acf9ec70e3838fc1_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjUtNS0xLTEtMA_b854516e-e28c-4fdc-a921-043eea6a37af">1,894,870</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iaf2d1b44a3144402b92d0d9fe8f3dbce_I20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6ab553e093044db9a3d7330a35af13cc_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjUtMTMtMS0xLTA_1e446ce3-9eb1-4dd0-a5c6-78512c0065b3">5,974</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i665ba2f802154450b1ef03e8aa725c4c_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjUtMTUtMS0xLTA_6dc21545-0dbe-4777-9bda-32c52dc70149">1,464,768</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td 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style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i362f707ec70d4806a416416dc98606d7_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" 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0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjgtMTUtMS0xLTA_82ce24ed-6895-4046-8feb-c48d2082af83">114,246</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMjktMS0xLTEtMA_0e4d990e-0073-4896-8e8d-ec5a599ff075">3,134,052</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic9e9044a45dd4445a7b14e98d1b00d09_D20210401-20210630" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" scale="3" 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style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic9e9044a45dd4445a7b14e98d1b00d09_D20210401-20210630" decimals="-3" format="ixt:zerodash" name="us-gaap:ConversionOfStockAmountIssued1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzAtMTUtMS0xLTA_76a8053b-aaae-4230-9a1c-32bf81607f1c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Offering costs</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3fe371c8c7e04b219cd69841609b54e1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzEtNS0xLTEtMA_150cb579-0dbb-4220-9519-bc7e6a29a031">10,977</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzEtMTUtMS0xLTA_9edfc262-6023-4899-9a41-9bf61b13a21f">10,977</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net loss</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia55f51e9bc53441db258b401cea896dc_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzMtMTEtMS0xLTA_c683fcbe-1cb7-40b8-913a-06956c5074df">3,777</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i146f50526a9d40a98aaccde7f4cf099c_D20210401-20210630" decimals="-3" sign="-" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzMtMTMtMS0xLTA_3d8f18e0-2b72-4d6b-b24b-6ad098cfbf01">49</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" 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style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash distributed to noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i146f50526a9d40a98aaccde7f4cf099c_D20210401-20210630" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzUtMTMtMS0xLTA_e870c11f-980d-4c8e-93ab-0397bd7a315e">205</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i53f3393c1aa84f2cbb8b0cca6c37731c_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DividendsCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzYtOS0xLTEtMA_06941e87-1bde-4467-a1f3-0e056eb24750">22,351</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DividendsCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzYtMTUtMS0xLTA_9b32c1e4-5bb9-4aa9-850e-a76e63074b34">22,351</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Balance, June&#160;30, 2021</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="ie0cb94f6971b4fa197fb4743264b303b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:SharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzctMS0xLTEtMA_ea86f4b7-5def-4374-8358-4042dfec3115">184,454,753</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie0cb94f6971b4fa197fb4743264b303b_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzctMy0xLTEtMA_c0b652b4-1bc8-401c-a26a-8643f9a63f78">1,845</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib6df6189f3aa4bc688ed24b52b4790a8_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzctNS0xLTEtMA_a6ea317b-f107-4ded-be67-6e32d42441b3">2,040,114</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85fa0a473c144d2cbb1a72d60d74e1f3_I20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzctOS0xLTEtMA_ba8f22ac-6a1b-4ed2-a42b-ef41e1536600">525,732</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i69754c7653844a1da0697d0f361a62b7_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzctMTMtMS0xLTA_fc4d7dcb-c571-4730-bf79-02f334776f92">19,768</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzctMTUtMS0xLTA_4fb25541-038c-4a79-83ef-a0f8df97c9d7">1,547,600</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td 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Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic4e7e7545767498fb112f9c83dffa75b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzktNS0xLTEtMA_643a0006-b684-4e24-912f-f235f844b1f2">1,922,136</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfMzktOS0xLTEtMA_1c15e96a-c22a-47d2-a5e9-96ba7d15ff37">481,760</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction 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style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" 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style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 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style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Stock based compensation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="ic536d4e4f9ff4e9380c4a06f2011b021_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensationGross" scale="0" 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style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6c4620edc299435388d7d71afec2c088_D20210101-20210630" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensationGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNDQtNS0xLTEtMA_a7962764-1313-44d5-b5de-2fe7feea6a07">189</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensationGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNDQtMTUtMS0xLTA_5b26634b-f3e1-4f18-9a81-10ba8cb363e4">189</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i667883af40974b3993dbd5dd67d13df5_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNDUtMTEtMS0xLTA_ced59486-b352-4f53-88a0-b438af9e9c30">26,328</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3c9df107f03c4959a8787ca10ffb5ada_D20210101-20210630" decimals="-3" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNDUtMTMtMS0xLTA_cadfd6be-5cad-4941-bb1c-6798f3df8c9a">128</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProfitLossFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNDUtMTUtMS0xLTA_858973ec-ebbc-4be5-bc19-872e28a673a6">26,456</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash distributed to noncontrolling interests</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3c9df107f03c4959a8787ca10ffb5ada_D20210101-20210630" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNDgtMTMtMS0xLTA_af359c88-d07c-4bc3-8d2d-22ddeebb8471">399</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8xOS9mcmFnOmIwNzQ1ZTI4MzAyNDQwZjBhYWY5MTI0NDI1ZmJhZmU3L3RhYmxlOjdhYmUwZDMyMjY5YjRmMDM4YmM0ZjQ3MzJjM2YwMzNjL3RhYmxlcmFuZ2U6N2FiZTBkMzIyNjliNGYwMzhiYzRmNDczMmMzZjAzM2NfNDgtMTUtMS0xLTA_52d5213b-4bc1-4111-8c1c-f64265969c14">399</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Distributions declared per share ($<ix:nonFraction unitRef="usdPerShare" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="3" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" 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style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">See notes to consolidated financial statements.</span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_22"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Jones Lang LaSalle Income Property Trust, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONSOLIDATED STATEMENTS OF CASH FLOWS</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$ in thousands</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</span></div><div style="margin-top:10pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.421%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.274%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">CASH FLOWS FROM OPERATING ACTIVITIES:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid 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Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProfitLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMi0zLTEtMS0w_1847eca9-c9f2-4d70-acfb-bed2e5141de7">26,745</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjustments to reconcile net income to net cash provided by operating activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Depreciation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNC0xLTEtMS0w_7d0760a8-05c6-46c1-b64a-49ea8d65dd36">40,539</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Depreciation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNC0zLTEtMS0w_a0f1eb8f-d1b3-4721-a602-ffc6a0d8a8ec">37,237</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gain on disposition of property and extinguishment of debt</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnSaleOfPropertyPlantEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNS0xLTEtMS0w_80286feb-92fb-4c16-bfd4-7bb3c29c7f92">33,422</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnSaleOfPropertyPlantEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNS0zLTEtMS0w_75b02ece-9197-4f83-922f-cdcf5f8b7453">1,724</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Straight line rent</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StraightLineRentAdjustments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNy0xLTEtMS0w_d28281e1-3304-44cc-8fa3-6fbc1f776995">1,136</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" name="us-gaap:StraightLineRentAdjustments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNy0zLTEtMS0w_7041145c-25d0-4d99-8be4-739401a6da22">124</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss from unconsolidated real estate affiliates and fund investment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfOS0xLTEtMS0w_6ed9bd37-deea-4b9d-bf0e-9b78dfffdcac">2,751</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfOS0zLTEtMS0w_4bea54fc-f193-4f21-a7a9-79f793c34ffd">12,897</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Distributions from unconsolidated real estate affiliates and fund investment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherOperatingActivitiesCashFlowStatement" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTAtMS0xLTEtMA_f5586516-0249-4089-8499-e2d4bf3127fe">4,748</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherOperatingActivitiesCashFlowStatement" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTAtMy0xLTEtMA_b114ab03-09d0-4b73-a67f-a7083e8d8299">1,964</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net changes in assets, liabilities and other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTEtMS0xLTEtMA_abc1e04f-1be0-47fd-b55d-551c23ce49d9">1,744</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTEtMy0xLTEtMA_ae6408e9-3270-4a20-aeda-4695e790787b">6,551</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net cash provided by operating activities</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInOperatingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTItMS0xLTEtMA_7b3a2bec-c822-4943-8e19-d9e21cfee5f7">38,192</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInOperatingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTItMy0xLTEtMA_9d4f9cb5-8539-4b68-be8d-ff740edde4ff">30,056</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">CASH FLOWS FROM INVESTING ACTIVITIES:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Purchase of real estate investments</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireCommercialRealEstate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTQtMS0xLTEtMA_f351320a-f552-420f-bdb9-c08e22925695">331,497</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireCommercialRealEstate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTQtMy0xLTEtMA_69bfc736-0203-4ed5-b8db-8f5d3f01fa0d">101,220</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds from sale of real estate investments and fixed assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfRealEstateHeldforinvestment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTUtMS0xLTEtMA_9ea5d230-a3de-4d55-b484-d1ea9e9057c0">66,992</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfRealEstateHeldforinvestment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTUtMy0xLTEtMA_a4c3f95a-377a-4447-a238-a9e64e51b3d3">5,372</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Capital improvements and lease commissions</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTYtMS0xLTEtMA_eb16f3db-f691-40be-9a0e-0f16555be29a">8,753</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTYtMy0xLTEtMA_a8e1f942-b032-4c60-9d2c-01cfa820f4d5">5,413</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Investment in unconsolidated real estate affiliates</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTgtMS0xLTEtMA_999bf421-93fc-406b-909e-277d314a34f7">797</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTgtMy0xLTEtMA_c6c1fa48-94c9-4b63-a3b8-8bbb087a6292">1,348</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deposits for investments under contract</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireOtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTktMS0xLTEtMA_03610c00-c2f8-444c-a6b0-4223f576e5e3">7,500</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:zerodash" name="us-gaap:PaymentsToAcquireOtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMTktMy0xLTEtMA_b0bcb77e-8c2c-458d-bb22-dcaf1fb06ac4">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net cash used in investing activities</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInInvestingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjMtMS0xLTEtMA_415cb36b-fb87-4495-8a7b-276b3f53b1ba">281,555</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInInvestingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjMtMy0xLTEtMA_36564a59-d811-4bce-bd77-3011fb10d51c">102,609</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">CASH FLOWS FROM FINANCING ACTIVITIES:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Issuance of common stock</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjUtMS0xLTEtMA_a65140a8-0538-4619-b9ec-2d716dc6b4f5">341,487</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjUtMy0xLTEtMA_78d83f0a-6c36-49a3-a1b3-a12252aa5ab6">186,867</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repurchase of shares</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForRepurchaseOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjYtMS0xLTEtMA_d941a99e-7663-4b78-9499-5d584f257481">82,135</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForRepurchaseOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjYtMy0xLTEtMA_48d7c3e3-df3a-48bf-b2c4-0b0dfe4fadb4">177,909</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Offering costs</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjgtMS0xLTEtMA_bf63fc1a-3cb3-440c-b37c-a2a4f263b1dc">8,098</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjgtMy0xLTEtMA_74a0ca8a-cdca-4d99-b640-3e1bc4fd0ddf">9,632</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Distributions to stockholders</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfOrdinaryDividends" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjktMS0xLTEtMA_bd3bddf0-5072-48e2-89d2-ee7f6d511f37">15,974</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfOrdinaryDividends" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMjktMy0xLTEtMA_144f5c2b-5f02-4df4-ab68-3e70bc7027cc">20,714</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Distributions paid to noncontrolling interests</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="us-gaap:PaymentsToMinorityShareholders" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzAtMS0xLTEtMA_0479ba18-8bae-4520-b312-a421793b76d3">399</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="us-gaap:PaymentsToMinorityShareholders" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzAtMy0xLTEtMA_e3e43404-3e6f-4dd0-bb4d-905eaeccfd7c">56</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Contributions received from noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:zerodash" name="us-gaap:ProceedsFromMinorityShareholders" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzEtMS0xLTEtMA_c49c320c-6530-4d68-b8b1-dc214c665d76">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="us-gaap:ProceedsFromMinorityShareholders" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzEtMy0xLTEtMA_9ff891bd-b553-47f5-b53e-82d708d698fd">1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Draws on credit facility</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromLinesOfCredit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzMtMS0xLTEtMA_9c35a44e-9d35-4995-9622-805d4cb75087">100,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromLinesOfCredit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzMtMy0xLTEtMA_cff3eec1-1b39-4845-b88d-6504665154ae">200,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Payment on credit facility</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RepaymentsOfLinesOfCredit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzQtMS0xLTEtMA_d342d16b-e4b6-4bc3-b26a-60e8d57e0a6c">100,000</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:zerodash" name="us-gaap:RepaymentsOfLinesOfCredit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzQtMy0xLTEtMA_bf33063f-b92e-41a1-9ec5-94ae1ca41b1c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds from mortgage notes and other debt payable</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfLongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzUtMS0xLTEtMA_c3ec523b-ec6a-460f-b021-25444a9bfec2">211,180</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfLongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzUtMy0xLTEtMA_51839c7f-edc8-4b19-a719-55da8527fe2d">35,900</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Debt issuance costs</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfDebtIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzYtMS0xLTEtMA_5c938a4f-372b-4bc1-86b9-89eebaf662e5">6,335</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="us-gaap:PaymentsOfDebtIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzYtMy0xLTEtMA_1caff5d7-77c9-4342-8cf0-efee47e64cd8">71</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Principal payments on mortgage notes and other debt payable</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RepaymentsOfSecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzgtMS0xLTEtMA_039e9784-3f2c-4bf7-a12e-0d92e6fcb209">83,171</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RepaymentsOfSecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzgtMy0xLTEtMA_8174b0d6-566e-484b-8b40-4e7796e49df3">31,020</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net cash provided by financing activities</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInFinancingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzktMS0xLTEtMA_d474f4a7-6268-4e1d-81fd-0983a8708708">356,555</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInFinancingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfMzktMy0xLTEtMA_6a2cb92d-6975-4225-93e8-87cc98caf41b">183,366</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net increase in cash, cash equivalents and restricted cash</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 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style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDAtMy0xLTEtMA_bb12e971-92ab-48e9-b348-bcf0e5631b2d">110,813</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash at the beginning of the period</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDItMS0xLTEtMA_ef848df4-447f-45c2-8cf2-f992d9fe3d0f">101,434</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia5cfa239297c4804b4dcbb3259d4d717_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDItMy0xLTEtMA_ec60e9c2-a9c7-4e8f-9d64-1f12e46c5f95">114,022</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash at the end of the period</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDMtMS0xLTEtMA_a6539a8f-d368-4b4c-88a3-cee2b930d6f9">214,626</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i665ba2f802154450b1ef03e8aa725c4c_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDMtMy0xLTEtMA_86eab111-ffed-4222-abc7-6a90a0477399">224,835</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reconciliation of cash, cash equivalents and restricted cash shown per Consolidated Balance Sheets to cash, cash equivalents and restricted cash per Consolidated Statements of Cash Flows</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDYtMS0xLTEtMA_d7c28129-2c25-4552-b7d9-f9321d9dec49">175,691</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i665ba2f802154450b1ef03e8aa725c4c_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDYtMy0xLTEtMA_5041fd00-919c-46a4-b6d8-f8673789ba18">215,183</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New 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colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i665ba2f802154450b1ef03e8aa725c4c_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDctMy0xLTEtMA_da594b83-c8ec-4b97-b124-8ec9db44d4d0">9,652</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash at the end of the period</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDktMS0xLTEtMA_90623bfa-2f69-404e-a5c8-5db17eb04415">214,626</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i665ba2f802154450b1ef03e8aa725c4c_I20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNDktMy0xLTEtMA_22858c20-134a-4848-a9f8-2f73cba26001">224,835</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Supplemental disclosure of cash flow information:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest paid</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPaidNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNTItMS0xLTEtMA_ca71efca-d2c6-41f0-a400-a21be7c8f3dc">17,297</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPaidNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNTItMy0xLTEtMA_8a558fce-4f71-440c-9e06-0375e9a6e860">17,599</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-cash activities:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Write-offs of receivables</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" sign="-" name="jllipt:WriteOffsOfReceivables" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNTQtMS0xLTEtMA_9ec83dd8-b2ef-4082-a100-8710daaedce2">12</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" name="jllipt:WriteOffsOfReceivables" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNTQtMy0xLTEtMA_c936a2cd-07a8-4d4a-b542-b1bcc49ae622">13</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Write-offs of retired assets and liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:WriteOffsOfRetiredAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNTUtMS0xLTEtMA_5b79a11f-509f-43d6-9104-476df2cd4f8b">2,952</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:WriteOffsOfRetiredAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNTUtMy0xLTEtMA_c282b8d4-3d7e-469d-af36-2eef2e19133d">5,758</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in liability for capital expenditures</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="jllipt:ChangeinLiabilityforCapitalExpenditures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNTYtMS0xLTEtMA_df382471-7b43-49f2-b841-27369b822f9c">5,572</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="jllipt:ChangeinLiabilityforCapitalExpenditures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNTYtMy0xLTEtMA_87950b8b-b934-467d-902a-8902ca678314">561</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net liabilities transferred at disposition of real estate investment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="us-gaap:BusinessCombinationConsiderationTransferred1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNTgtMS0xLTEtMA_93e9feed-fd1d-43b4-b5f5-6830578cd00d">230</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNjEtMy0xLTEtMA_6b4f637d-7dcf-4b4b-ad1b-8e71f8fc9912">1,246</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in accrued offering costs</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ChangeinAccruedOfferingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNjItMS0xLTEtMA_084dac8e-3430-4929-98f0-cc15d1e33b3c">9,125</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i665ba2f802154450b1ef03e8aa725c4c_I20200630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ChangeinAccruedOfferingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yMi9mcmFnOjQ3MGY1YjQwNzI3YTQ1MWY4MDBmNjdmNTEyODI0ZmE4L3RhYmxlOjQ3NWE4NTQ5ODkzNTQ2Mjc5OWRhYmNiNWE2ZDg2NzM2L3RhYmxlcmFuZ2U6NDc1YTg1NDk4OTM1NDYyNzk5ZGFiY2I1YTZkODY3MzZfNjItMy0xLTEtMA_eb3dd515-e115-4f67-9681-aad8c1306b3a">9,534</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">See notes to consolidated financial statements. </span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_25"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Jones Lang LaSalle Income Property Trust, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$ in thousands, except per share amounts</span></div><div id="ie5281456beca4763989f9512c5f26319_28"></div><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:NatureOfOperations" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNjI0NQ_33858e5f-b5bf-48c7-a703-a1d8e0784a22" continuedAt="i18d51fdf5b28437c8cb5932672a3c092" escape="true"><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 1&#8212;ORGANIZATION</span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">General</span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Except where the context suggests otherwise, the terms &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our&#8221; and the &#8220;Company&#8221; refer to Jones Lang LaSalle Income Property Trust, Inc. The terms &#8220;Advisor&#8221; and &#8220;LaSalle&#8221; refer to LaSalle Investment Management, Inc.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-right:13.5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Jones Lang LaSalle Income Property Trust, Inc. is an externally advised, daily valued perpetual-life real estate investment trust ("REIT") that owns and manages a diversified portfolio of apartment, industrial, office, retail and other properties located in the United States. Over time our real estate portfolio may be further diversified on a global basis through the acquisition of properties outside of the United States and may be complemented by investments in real estate-related debt and equity securities. We were incorporated on <ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" format="ixt:datemonthdayyearen" name="dei:EntityIncorporationDateOfIncorporation" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNzk4_6652c693-8200-43d9-8101-e809f850b320">May&#160;28, 2004</ix:nonNumeric> under the laws of the State of Maryland. We believe that we have operated in such a manner to qualify to be taxed as a REIT for federal income tax purposes commencing with the taxable year ended December 31, 2004, when we first elected REIT status. As of June&#160;30, 2021, we owned interests in a total of <ix:nonFraction unitRef="number" contextRef="i44941a0b8cee4a77a008d269723f6203_I20210630" decimals="0" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMTA5Mw_6175ae8e-7498-48b0-bb45-0e5aa2785d86">87</ix:nonFraction> properties, located in <ix:nonFraction unitRef="number" contextRef="i44941a0b8cee4a77a008d269723f6203_I20210630" decimals="0" name="us-gaap:NumberOfStatesInWhichEntityOperates" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMTExOQ_d4a42194-e8d2-487e-9ab2-c9aacf1953d0">22</ix:nonFraction> states.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We own, and plan to continue to own, all or substantially all of our assets through JLLIPT Holdings, LP, a Delaware limited partnership (our &#8220;operating partnership&#8221;), of which we are the initial limited partner and JLLIPT Holdings GP, LLC, our wholly owned subsidiary, is the sole general partner. The use of our operating partnership to hold all or substantially all of our assets is referred to as an Umbrella Partnership Real Estate Investment Trust ("UPREIT").  This structure is intended to facilitate tax-deferred contributions of properties to our operating partnership in exchange for limited partnership interests in our operating partnership. A transfer of property directly to a REIT in exchange for shares of common stock of a REIT is generally a taxable transaction to the transferring property owner. In an UPREIT structure, a property owner who desires to defer taxable gain on the disposition of his property may transfer the property to our operating partnership in exchange for limited partnership interests in the operating partnership ("OP Units") and defer taxation of gain until the limited partnership interests are disposed of in a taxable transaction. As of June&#160;30, 2021, we raised aggregate proceeds from the issuance of OP Units in our operating partnership of $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOrSaleOfEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMjQwOA_e5a45a33-0d49-44f6-b2be-8778d334e4fd"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOrSaleOfEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMjQwOA_f4ca1bee-7dc0-4828-a6b8-f13f275b44aa">14,242</ix:nonFraction></ix:nonFraction>, and owned directly or indirectly <ix:nonFraction unitRef="rate" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="INF" name="us-gaap:SaleOfStockPercentageOfOwnershipAfterTransaction" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMjQ0NQ_25d6aee5-07ec-48f1-be20-57fcd1ae3984">99.3</ix:nonFraction>% of the OP Units of our operating partnership.  The remaining <ix:nonFraction unitRef="rate" contextRef="ic799660102274385b530b42e3814e330_D20210101-20210630" decimals="INF" name="us-gaap:SaleOfStockPercentageOfOwnershipAfterTransaction" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMjUwOQ_dfa775a5-dfcb-45c5-8b46-7b53387e621a">0.7</ix:nonFraction>% of the OP Units are held by third parties.</span></div><div style="margin-top:9pt;padding-right:13.5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From our inception to January 15, 2015, we raised equity proceeds through various public and private offerings of shares of our common stock.  On January&#160;16, 2015, our follow-on Registration Statement on Form S-11 was declared effective by the Securities and Exchange Commission (the "SEC") with respect to our continuous public offering (the &#8220;First Extended Public Offering&#8221;).  As of July&#160;6, 2018, the date our First Extended Public Offering terminated, we had raised aggregate gross proceeds from the sale of shares of our common stock in our First Extended Public Offering of $<ix:nonFraction unitRef="usd" contextRef="ie917f256958640f08b8dab41299cb946_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CommonStockValueOutstanding" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMzEyNQ_71e07fa5-a174-4dbf-b89e-a272820b6d73">1,138,053</ix:nonFraction>. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On&#160;July&#160;6, 2018,&#160;the SEC declared our second follow-on Registration Statement on Form S-11 (the "Second Extended Public Offering") effective (Commission File No. 333-222533) to offer up to&#160;$<ix:nonFraction unitRef="usd" contextRef="i75c3f9ce08774868a9f56319ffdc0755_D20180706-20210331" decimals="-3" format="ixt:numdotdecimal" name="jllipt:Commonstockauthorizedinofferingofnewshares" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMzMxMA_df074eb4-0736-4d10-9b7c-45a0fc9681da">3,000,000</ix:nonFraction>&#160;in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to&#160;$<ix:nonFraction unitRef="usd" contextRef="i75c3f9ce08774868a9f56319ffdc0755_D20180706-20210331" decimals="-3" format="ixt:numdotdecimal" name="jllipt:CommonStockValueAuthorizedDuringOffering" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMzQyNg_91a95032-00d2-4278-8aed-814c51a001c5">2,700,000</ix:nonFraction>&#160;of shares offered in our primary offering and up to&#160;$<ix:nonFraction unitRef="usd" contextRef="i75c3f9ce08774868a9f56319ffdc0755_D20180706-20210331" decimals="-3" format="ixt:numdotdecimal" name="jllipt:CommonstockauthorizedinofferingforDRIPshares" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfMzQ4Mg_9c75d30f-6c66-4c59-9647-a1ed5ecf3ad7">300,000</ix:nonFraction>&#160;in shares offered pursuant to our distribution reinvestment plan.  In accordance with SEC rules, we extended our Second Extended Public Offering one additional year through July 6, 2021.  We reserve the right to terminate the Second Extended Public Offering at any time and to further extend the Second Extended Public Offering term to the extent permissible under applicable law. As of June&#160;30, 2021, we have raised aggregate gross proceeds from the sale of shares of our common stock in our Second Extended Public Offering of $<ix:nonFraction unitRef="usd" contextRef="i5a8e0c830df94612aef1dd63bc3df4b4_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CommonStockValueOutstanding" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDAwMw_7db0df82-e2f2-4752-b364-169007ae2f24">1,075,496</ix:nonFraction>.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 4, 2021, we filed a Registration Statement on Form S-11 with the SEC (Commission File No. 333-256823) to register a public offering of up to $<ix:nonFraction unitRef="usd" contextRef="i65be026a851145db8b14ff28a5723ede_D20210604-20230331" decimals="-3" format="ixt:numdotdecimal" name="jllipt:Commonstockauthorizedinofferingofnewshares" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNjU5NzA2OTc3MzU2OA_54e6ed5e-4279-479a-874e-a119a72a4ae4">3,000,000</ix:nonFraction> in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $<ix:nonFraction unitRef="usd" contextRef="i65be026a851145db8b14ff28a5723ede_D20210604-20230331" decimals="-3" format="ixt:numdotdecimal" name="jllipt:CommonStockValueAuthorizedDuringOffering" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNjU5NzA2OTc3MzU4MQ_d0493eab-eefe-4241-91d3-24afc1b92db3">2,700,000</ix:nonFraction> of shares offered in our primary offering and up to $<ix:nonFraction unitRef="usd" contextRef="i65be026a851145db8b14ff28a5723ede_D20210604-20230331" decimals="-3" format="ixt:numdotdecimal" name="jllipt:CommonstockauthorizedinofferingforDRIPshares" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNjU5NzA2OTc3MzU5MQ_a016230a-95c7-43a3-86a5-b24483994f8d">300,000</ix:nonFraction> in shares offered pursuant to our distribution reinvestment plan (the &#8220;Third Extended Public Offering&#8221;). As of August&#160;11, 2021, the Third Extended Public Offering has not been declared effective.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 3, 2015, we commenced a private offering (the "Private Offering") of up to $<ix:nonFraction unitRef="usd" contextRef="if0b0429caf554e7cb11140035a1be431_D20150303-20150303" decimals="-3" format="ixt:numdotdecimal" name="jllipt:Commonstockvalueauthorizedduringprivateoffering" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDA5Mg_0c256a8f-e165-4b8a-b6b5-fa333efbe14d">350,000</ix:nonFraction> in shares of our Class D common stock with an indefinite duration. </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June&#160;30, 2021</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, we have raised aggregate gross proceeds from the sale of shares of our Class D common stock in our Private Offering of $<ix:nonFraction unitRef="usd" contextRef="i26346adbe7cf4b97b6feaeb845588aed_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CommonStockValueOutstanding" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDI5MQ_967ffe15-1456-44d1-9e64-fe6d6231d7fc">98,188</ix:nonFraction>.  </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 16, 2019,&#160;through our operating partnership, we initiated a program (the &#8220;DST Program&#8221;) to raise up to $<ix:nonFraction unitRef="usd" contextRef="i7cf1e3ef47ca4de6a2ece742655cf558_D20191016-20191016" decimals="-3" format="ixt:numdotdecimal" name="jllipt:CommonstockvalueauthorizedduringDSToffering" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDQxMQ_54844049-464a-4611-9cac-dce8c967a2a4">500,000</ix:nonFraction>, which our board of directors may increase in its sole discretion, in private placements exempt from registration under the Securities Act of 1933, as amended, through the sale of beneficial interests to accredited investors in specific Delaware </span></div></ix:nonNumeric><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><ix:continuation id="i18d51fdf5b28437c8cb5932672a3c092" continuedAt="i6fd0d2791bf4493c8f5eab85cd1645bd"><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">statutory trusts holding real properties ("DST Properties"), which may be sourced from our real properties or from third parties.  As of June&#160;30, 2021, we have raised $<ix:nonFraction unitRef="usd" contextRef="ic94140868e89445ebcabe7dbd2ee5275_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CommonStockValueOutstanding" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDgxNg_80ac2108-9d3d-4abd-b2c4-f61d7495f6fa">284,922</ix:nonFraction> from our DST Program.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June&#160;30, 2021, <ix:nonFraction unitRef="shares" contextRef="ibc2c379c507c406a9cef760db7f4db8b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDg1MQ_20e24c10-5e83-4c36-b7f7-a2c679daa62d"><ix:nonFraction unitRef="shares" contextRef="ibc2c379c507c406a9cef760db7f4db8b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDg1MQ_cdf3e60d-00d0-412b-b0a0-31a2ee8494ae">92,740,925</ix:nonFraction></ix:nonFraction> shares of Class A common stock, <ix:nonFraction unitRef="shares" contextRef="i6c1119dd1e2b467a87edfaa7e5d4c58c_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDg4Ng_4fc9d86a-67d9-4305-a68c-b79ba44178f8"><ix:nonFraction unitRef="shares" contextRef="i6c1119dd1e2b467a87edfaa7e5d4c58c_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDg4Ng_d895e809-4ff2-4ade-a6ab-5226f0028bd8">35,056,224</ix:nonFraction></ix:nonFraction> shares of Class M common stock, <ix:nonFraction unitRef="shares" contextRef="ie4cb22a108fe4a679c9581ea2ddf181b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDkyMQ_f7fb1ae3-5534-4ef1-9b8b-fd8891eb04cf">9,584,832</ix:nonFraction> shares of Class A-I common stock, <ix:nonFraction unitRef="shares" contextRef="i22454d7ea1b0438db2509c878492e697_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDk1OA_d1e7a4a0-fa9b-4cbf-82b8-c6ee90b1ea02">39,559,491</ix:nonFraction> shares of Class M-I common stock, and <ix:nonFraction unitRef="shares" contextRef="i8e5f7ede747f4c12bcd6a617512b5bdf_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNDk5OQ_65d0ce2a-4912-401d-8647-5d01ec79f58a">7,513,281</ix:nonFraction> shares of Class D common stock were outstanding and held by a total of <ix:nonFraction unitRef="number" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="0" format="ixt:numdotdecimal" name="jllipt:NumberOfStockholders" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNTA3Mw_79c0cc98-7ad0-47f5-a200-8a41d329e5dd">18,453</ix:nonFraction> stockholders.  </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LaSalle acts as our advisor pursuant to the advisory agreement among us, our operating partnership and LaSalle (the "Advisory Agreement"). The term of our Advisory Agreement expires June&#160;5, 2022, subject to an unlimited number of successive one-year renewals.  Our Advisor, a registered investment advisor with the SEC, has broad discretion with respect to our investment decisions and is responsible for selecting our investments and for managing our investment portfolio pursuant to the terms of the Advisory Agreement. Our executive officers are employees of and compensated by our Advisor. We have no employees, as all operations are managed by our Advisor. </span></div></ix:continuation><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i6fd0d2791bf4493c8f5eab85cd1645bd">LaSalle is a wholly-owned, but operationally independent subsidiary of Jones Lang LaSalle Incorporated ("JLL" or our "Sponsor"), a New York Stock Exchange-listed leading professional services firm that specializes in real estate and investment management.  As of June&#160;30, 2021, JLL and its affiliates owned an aggregate of <ix:nonFraction unitRef="shares" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:InvestmentOwnedBalanceShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNjA1Nw_049cac4c-b008-4128-af75-0e6b4eafbd66">2,521,801</ix:nonFraction> Class M shares, which were issued for cash at a price equal to the most recently reported net asset value ("NAV") per share as of the purchase date and have a current value of $<ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentOwnedAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8yOC9mcmFnOjJkZjU0N2Y5ODhjNzQ4MTg5ODY5NjVkY2MzM2VhMGE3L3RleHRyZWdpb246MmRmNTQ3Zjk4OGM3NDgxODk4Njk2NWRjYzMzZWEwYTdfNjIzNg_756577d3-8c86-43b6-bea1-f8f9cc86ff61">30,489</ix:nonFraction>.</ix:continuation> </span></div><div id="ie5281456beca4763989f9512c5f26319_31"></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 2&#8212;<ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:SignificantAccountingPoliciesTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzODY_9f89acb5-6c83-482c-9a61-a0840953f8f4" continuedAt="i7c9b6a3268224c879fd33f0031c60d30" escape="true">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </ix:nonNumeric></span></div><ix:continuation id="i7c9b6a3268224c879fd33f0031c60d30" continuedAt="i7b00713b85704da5aed51f74c4e2ef6c"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:ConsolidationPolicyTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzNzI_364e7c61-a900-44e4-9410-7491baf926b9" continuedAt="i54658d6f02a540889f11dcf4479cda17" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation and Principles of Consolidation </span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;), the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and include the accounts of our wholly owned subsidiaries, consolidated variable interest entities ("VIE") and the unconsolidated investment in real estate affiliates accounted for under the equity method of accounting. We consider the authoritative guidance of accounting for investments in common stock, investments in real estate ventures, investors accounting for an investee when the investor has the majority of the voting interest but the minority partners have certain approval or veto rights, determining whether a general partner or general partners as a group controls a limited partnership or similar entity when the limited partners have certain rights and the consolidation of VIEs in which we own less than a <ix:nonFraction unitRef="rate" contextRef="i3e53880ab0f74aceb1cb1dda68c344ef_I20210630" decimals="4" name="us-gaap:MinorityInterestOwnershipPercentageByParent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA0Mw_18b2e06a-bc1f-42a3-9281-c58de0026767">100</ix:nonFraction>% interest.  All significant intercompany balances and transactions have been eliminated in consolidation.</span></div><div><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Parenthetical disclosures are shown on our Consolidated Balance Sheets regarding the amounts of VIE assets and liabilities that are consolidated. As of June&#160;30, 2021, our VIEs included The District at Howell Mill, Grand Lakes Marketplace, and Presley Uptown due to the joint venture structures and our partners having limited participation rights and no kick-out rights. The creditors of our VIEs do not have general recourse to us.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Noncontrolling interests represent the minority members&#8217; proportionate share of the equity in our VIEs. At acquisition, the assets, liabilities and noncontrolling interests were measured and recorded at the estimated fair value. Noncontrolling interests will increase for the minority members&#8217; share of net income of these entities and contributions and decrease for the minority members&#8217; share of net loss and distributions. As of June&#160;30, 2021, noncontrolling interests represented the minority members&#8217; proportionate share of the equity of the entities listed above as VIEs.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain of our joint venture agreements include provisions whereby, at certain specified times, each party has the right to initiate a purchase or sale of its interest in the joint ventures at an agreed upon fair value. Under these provisions, we are not obligated to purchase the interest of our outside joint venture partners.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the accounting policies described in the consolidated financial statements and related notes included in our Annual Report on Form 10-K filed with the SEC on March&#160;12, 2021 (our &#8220;2020 Form 10-K&#8221;) and should be read in conjunction with such consolidated financial statements and related notes. The following notes to these interim consolidated financial statements highlight changes to the notes included in the December&#160;31, 2020 audited consolidated financial statements included in our 2020 Form 10-K and present interim disclosures as required by the SEC.</span></div></ix:nonNumeric><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i54658d6f02a540889f11dcf4479cda17">The interim financial data as of June&#160;30, 2021 and for the three and six months ended June 30, 2021 and 2020 is unaudited. In our opinion, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods.</ix:continuation>  </span></div></ix:continuation><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><ix:continuation id="i7b00713b85704da5aed51f74c4e2ef6c" continuedAt="i7ef8de2c66214ec8bb2b877edb3c57e3"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTY0MDU_df8356ae-f745-4654-ad08-87ef6e125611" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Restricted Cash</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted cash includes amounts established pursuant to various agreements for loan escrow accounts, loan commitments and property sale proceeds. When we sell a property, we can elect to enter into a like-kind exchange pursuant to the applicable Internal Revenue Service guidance whereby the proceeds from the sale are placed in escrow with a qualified intermediary until a replacement property can be purchased.  At June&#160;30, 2021, our restricted cash balance on our Consolidated Balance Sheets was primarily related to common stock subscriptions received in advance of the issuance of the common stock and loan escrow amounts.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:DeferredChargesPolicyTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzOTM_cf46373c-e949-45de-9026-d4cee118f6a8" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Deferred Expenses</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred expenses consist of lease commissions. Lease commissions are capitalized and amortized over the term of the related lease as a component of depreciation and amortization expense. Accumulated amortization of deferred expenses at June&#160;30, 2021 and December&#160;31, 2020 was $<ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:AccumulatedAmortizationDeferredFinanceAndLeasingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNDI2OQ_d96c092e-f44e-4924-92f4-6727bfed62b4">7,295</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="jllipt:AccumulatedAmortizationDeferredFinanceAndLeasingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNDI3Ng_24933d54-9d07-44d7-b571-43bf947a4d63">6,495</ix:nonFraction>, respectively.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:RevenueRecognitionLeasesOperating" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzNTE_6dd96c2a-40c7-4e27-a088-ee8bad196b83" continuedAt="icc08e573d680418fb2a7f85daf254872" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Rental Revenue Recognition</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We recognize rental revenue from tenants under operating leases on a straight-line basis over the non-cancelable term of the lease when collectibility of substantially all rents is reasonably assured. Recognition of rental revenue on a straight-line basis includes the effects of rental abatements, lease incentives and fixed and determinable increases in lease payments over the lease term. For leases where collection of substantially all rents is not deemed to be probable, revenue is recorded equal to cash that has been received from the tenant.&#160; We evaluate the collectibility of rents and other receivables at each reporting period based on factors including, among others, tenant's payment history, the financial condition of the tenant, business conditions and trends in the industry in which the tenant operates and economic conditions in the geographic area where the property is located. If evaluation of these factors or others indicates it is not probable we will collect substantially all rent we recognize an adjustment to rental revenue. If our judgment or estimation regarding probability of collection changes we may adjust or record additional rental revenue in the period such conclusion is reached. </span></div></ix:nonNumeric><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="icc08e573d680418fb2a7f85daf254872">The COVID-19 pandemic has had a negative impact on some of our tenant&#8217;s businesses. The duration and extent of the negative effects caused by the COVID-19 pandemic to the economy is uncertain, and as such, collectibility of certain tenants rent receivable balances in the future is also uncertain. We have taken into account current tenant conditions, which include consideration of COVID-19 in our estimation of the tenants uncollectible accounts and deferred rents receivable at June&#160;30, 2021. We are closely monitoring the collectibility of such rents and will adjust future estimations as further information becomes known.  During the three and six months ended June 30, 2021, we recorded a reduction in rental revenue of $<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="us-gaap:ProvisionForLeaseLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNjIxMg_6b28622a-e545-4c3e-b057-3b02d02f7924">639</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProvisionForLeaseLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5OTUxMTY0NDQ1Mw_2c0dc9cb-e4d0-43d1-8147-6c93b83a0b76">1,062</ix:nonFraction>, respectively due to concern of collectibility and an increase in straight line revenue of $<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="jllipt:ProvisionforLeaseLossesStraightLineRent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNjI1OQ_6b09bb8a-dbf4-45af-927d-fb9878effa7e">336</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="jllipt:ProvisionforLeaseLossesStraightLineRent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5OTUxMTY0NDQ3NQ_f82eea21-2c89-4435-9a11-7fe890daaeec">149</ix:nonFraction>, respectively as a result of collections from certain tenants. During the three and six months ended June 30, 2020, we recorded a reduction in rental revenue of $<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProvisionForLeaseLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5OTUxMTY0NDM4Mg_e282e560-be16-4e7f-a7df-4269a8b6a317">1,732</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProvisionForLeaseLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5OTUxMTY0NDM5MA_6cf8c316-b1c6-4721-ab0f-b54801ca4c75">1,991</ix:nonFraction>, respectively, and a reduction in straight line revenue of $<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ProvisionforLeaseLossesStraightLineRent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5OTUxMTY0NDQzMg_73c68309-93df-455f-9925-8dc16ed1e9ab">1,031</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ProvisionforLeaseLossesStraightLineRent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5OTUxMTY0NDQ0Mw_8cdd68fe-28d4-4bfa-a462-210af5fb5e2c">2,111</ix:nonFraction> due to concern of collectibility, respectively.  During the three and six months ended June 30, 2021, we deferred $<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="jllipt:Rentreliefprovidedtotenantsbydeferral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNjMyNA_86b1b6d5-0c28-4c71-9df3-497fce0a7fd5">231</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="jllipt:Rentreliefprovidedtotenantsbydeferral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMjc0ODc3OTA4NjI4Mw_cc371f1c-dfc3-4643-ba0b-edee802f4e54">237</ix:nonFraction>, respectively, and abated $<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="jllipt:Rentreliefprovidedtotenantsbyabatement" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNjMzOA_2804d163-6239-4218-8ad2-1e36ec3f3a36">99</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="jllipt:Rentreliefprovidedtotenantsbyabatement" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMjc0ODc3OTA4NjMwOQ_cff16aae-9ba5-4c78-b3b2-7842ffd800fe">254</ix:nonFraction>, respectively, of rental revenue. During the three and six months ended June 30, 2020, we deferred $<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:Rentreliefprovidedtotenantsbyabatement" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5OTUxMTY0NDU4NA_ebd4e669-4020-49c1-9d2a-0859d09b8587">1,070</ix:nonFraction> and abated $<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="jllipt:Rentreliefprovidedtotenantsbyabatement" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5OTUxMTY0NDU4OA_a8b7b5db-d0f6-4690-a33c-d27c171d372e">855</ix:nonFraction> of rental revenue, respectively.</ix:continuation> </span></div><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:BusinessCombinationsPolicy" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzNTI_0a262a91-092f-4e17-88f7-4100540353f6" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Acquisitions</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have allocated a portion of the purchase price of our acquisitions to acquired intangible assets, which include acquired in-place lease intangibles, acquired above-market in-place lease intangibles and acquired ground lease intangibles, which are reported net of accumulated amortization of $<ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNjY2Nw_7202d6e5-6b9b-4a92-9fe3-de730e4ebca8">92,129</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNjY3NA_643dd1aa-c2c6-4f89-bfb3-36049e008049">82,699</ix:nonFraction> at June&#160;30, 2021 and December&#160;31, 2020, respectively, on the accompanying Consolidated Balance Sheets. The acquired intangible liabilities represent acquired below-market in-place leases, which are reported net of accumulated amortization of $<ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:FiniteLivedIntangibleLiabilityAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNjg5Mw_f9c37c89-2357-4941-a430-524e758eff01">13,969</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="jllipt:FiniteLivedIntangibleLiabilityAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfNjkwMA_d7cbbfb7-b6e6-46d8-87c1-92c1ba33d0a8">12,724</ix:nonFraction> at June&#160;30, 2021 and December&#160;31, 2020, respectively, on the accompanying Consolidated Balance Sheets.</span></div></ix:nonNumeric></ix:continuation><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><ix:continuation id="i7ef8de2c66214ec8bb2b877edb3c57e3" continuedAt="i86fc2a65eb1d4281a207a33923ab818a"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:FairValueMeasurementPolicyPolicyTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzNjY_758934be-e345-46c4-968a-8969d12b1ef0" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Assets and Liabilities Measured at Fair Value </span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Financial Accounting Standards Board&#8217;s (&#8220;FASB&#8221;) guidance for fair value measurement and disclosure states that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering assumptions, authoritative guidance establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:</span></div><div style="margin-top:9pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Level&#160;1</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8212;Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have access to at the measurement date.</span></div><div style="margin-top:9pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Level&#160;2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8212;Observable inputs, other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.  Level&#160;2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.</span></div><div style="margin-top:9pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Level&#160;3</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8212;Unobservable inputs for the asset or liability.  Unobservable inputs are those inputs that reflect our own assumptions that market participants would use to price the asset or liability based on the best available information.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The authoritative guidance requires the disclosure of the fair value of our financial instruments for which it is practicable to estimate that value. The guidance does not apply to all balance sheet items. Market information as available or present value techniques have been utilized to estimate the amounts required to be disclosed. Since such amounts are estimates, there can be no assurance that the disclosed value of any financial instrument could be realized by immediate settlement of the instrument.  </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Real estate fund investments accounted for under the fair value option fall within Level 3 of the hierarchy.  The fair value is recorded based upon changes in the NAV of the limited partnership as determined from the financial statements of the real estate fund.  During the six months ended June 30, 2021 and 2020, we recorded an increase and a decrease in fair value classified within the Level 3 category of $<ix:nonFraction unitRef="usd" contextRef="i717e0cab41b14767a44a0798a184b918_D20210101-20210630" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfOTMxMg_38545ef2-ff52-4b40-bf6b-932699203981">36</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="id9500452de974ddda854e41cdfedfef7_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfOTMxOQ_919b6667-f9fb-4fcf-a9c7-7cb0f2f67548">12,088</ix:nonFraction>, respectively, in our investment in the NYC Retail Portfolio (see </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_37">Note 4-Unconsolidated Real Estate Affiliates and Fund Investments</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">).</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have estimated the fair value of our mortgage notes and other debt payable reflected on the Consolidated Balance Sheets at amounts that are based upon an interpretation of available market information and valuation methodologies (including discounted cash flow analysis with regard to fixed rate debt) for similar loans made to borrowers with similar credit ratings and for the same maturities. The fair value of our mortgage notes and other debt payable using Level 2 inputs was $<ix:nonFraction unitRef="usd" contextRef="idd31f6f88f6346cebff32cc2d771f897_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesPayableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMjc0ODc3OTA4NjM1MA_14d56288-a60e-43b1-b693-47fbf234f630">25,760</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i7da398f27ef54a548fd94b80e67d6766_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesPayableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfOTk0Ng_edd2446f-a5bd-49de-8ece-ba66dea0f2a2">30,923</ix:nonFraction> higher than the aggregate carrying amounts at June&#160;30, 2021 and December&#160;31, 2020, respectively. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition of our mortgage notes payable.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:DerivativesReportingOfDerivativeActivity" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTY0MDI_b36bd63f-fe4f-4454-b62b-9451980fca87" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivative Financial Instruments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We record all derivatives on the Consolidated Balance Sheets at fair value in prepaid expenses and other assets or accounts payable and other accrued expenses. Changes in the fair value of our derivatives are recorded as a component of interest expense on our Consolidated Statements of Operations as we have not designated our derivative instruments as hedges. Our objective in using interest rate derivatives is to manage our exposure to interest rate movements. To accomplish this objective, we use interest rate swaps.</span></div><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:ScheduleOfDerivativeInstrumentsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzNjA_3296bc0e-dc2c-4db5-9ab5-730522a249b3" escape="true"><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June&#160;30, 2021, we had the following outstanding interest rate derivatives related to managing our interest rate risk:</span></div><div style="margin-top:5pt;text-align:center;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:69.444%"><tr><td style="width:1.0%"></td><td style="width:38.268%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.852%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.531%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.852%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.797%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Interest Rate Derivative</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Number of Instruments</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Notional Amount</span></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest Rate Swaps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="if575a313592a41248dcc7bd786c332e0_I20210630" decimals="0" name="us-gaap:DerivativeNumberOfInstrumentsHeld" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RhYmxlOjZjYzRhZmQ4MmU4MzRkYjVhM2FmZTZjY2IzNmFmMmVhL3RhYmxlcmFuZ2U6NmNjNGFmZDgyZTgzNGRiNWEzYWZlNmNjYjM2YWYyZWFfMi0yLTEtMS0w_aa654eed-c589-440f-b208-3b768d211abe">5</ix:nonFraction></span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if575a313592a41248dcc7bd786c332e0_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RhYmxlOjZjYzRhZmQ4MmU4MzRkYjVhM2FmZTZjY2IzNmFmMmVhL3RhYmxlcmFuZ2U6NmNjNGFmZDgyZTgzNGRiNWEzYWZlNmNjYjM2YWYyZWFfMi00LTEtMS0w_9ba31266-29fb-4256-9673-12df4d2a8267">190,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair value of our interest rate swaps represent liabilities of $<ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5MDE_db5aacdd-3907-4011-8209-7719dc6378d0">4,715</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTA5MDg_4195982c-b860-4c8b-8f9c-8b38183c7cc1">6,500</ix:nonFraction> at June&#160;30, 2021 and December&#160;31, 2020, respectively.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:LesseeOperatingLeasesTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzNjE_0cf5ac5a-7bdb-49a6-a576-8ea8c8db7074" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Ground Lease</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June&#160;30, 2021, we have a single ground lease arrangement for which we are the lessee and recorded a right-of-use asset within prepaid expenses and other assets on our Consolidated Balance Sheets in the amount of $<ix:nonFraction unitRef="usd" contextRef="i9f22dfe3a5e74b5db137c713774a1699_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseRightOfUseAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTExNTk_f84fc63b-5049-44d2-be87-6465db31c8d7">2,125</ix:nonFraction> and a lease liability within accounts payable and other liabilities on our Consolidated Balance Sheets in the amount of $<ix:nonFraction unitRef="usd" contextRef="i9f22dfe3a5e74b5db137c713774a1699_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GroundLeasesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTEyODM_bf7c2885-a18b-40ff-906a-04950ed43968">2,247</ix:nonFraction>.</span></div></ix:nonNumeric></ix:continuation><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><ix:continuation id="i86fc2a65eb1d4281a207a33923ab818a"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:UseOfEstimates" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzNzc_5d68600b-cf18-4449-9c35-4913e2b30b36" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. For example, significant estimates and assumptions have been made with respect to useful lives of assets, recoverable amounts of receivables, fair value of derivatives and real estate assets, initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to property acquisitions. Actual results could differ from those estimates.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzNDM_33012e15-3a4a-4caf-917c-7a8b4327e832" continuedAt="i352fa6e07093422fbb48ca47a4cb8cd1" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recent Issued Accounting Pronouncements</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In April 2020, the FASB issued a question and answer document that focused on the application of lease guidance applicable on concessions related to the effects of the COVID-19 pandemic. Per the guidance, we made an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Topic 842, Leases, as though enforceable rights and obligations for those concessions existed.  </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, the FASB issued Accounting Standard Update ("ASU") No. 2020-04,&#160;Reference Rate Reform (Topic 848) ("ASU 2020-04"), which provides guidance containing practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. We are evaluating the impact of this guidance.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments Credit Losses (Topic 326), which changes how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The guidance replaces the current incurred loss model with an expected loss approach, resulting in more timely recognition of such losses. In November 2018, the FASB released ASU 2018-19, Codification Improvements to Topic 326, Financial Instrument - Credit Losses, which clarifies that receivables arising from operating leases are not within the scope of Subtopic 326-20. The guidance was effective for us as of January 1, 2020 and did not have a material impact on our consolidated financial statements.</span></div></ix:nonNumeric></ix:continuation><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i352fa6e07093422fbb48ca47a4cb8cd1">Effective January 1, 2019, we adopted ASU 2016-02 Leases and 2018-11 Leases: Targeted Improvements (Topic 842) ("ASU 842"). The new guidance sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). We elected a practical expedient, by class of underlying assets, to not separate non-lease components from the related lease components and, instead, to account for those components as a single lease component, when certain criteria are met. Upon adoption, we reclassified these components for prior periods to conform with the current period presentation. We also elected permitted practical expedients to not reassess lease classification and use of the standard&#8217;s effective date as the date of initial application and therefore financial information under ASU 842 is not provided for periods prior to January 1, 2019. The accounting for lessors remained largely unchanged from previous GAAP; however, the standard required that lessors expense, on an as-incurred basis, certain initial direct costs that are not incremental in negotiating a lease. Under previous standards, certain of these costs were capitalizable and therefore this new standard will result in certain of these costs being expensed as incurred after adoption. Additionally, the standard requires lessors to evaluate whether the collectability of all rents is probable before recognizing rental revenues on a straight-line basis over the applicable lease term. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease.  A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification.  Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. As of June&#160;30, 2021, we have a ground lease arrangement for which we are the lessee and recorded a right-of-use asset within prepaid expenses and other assets on our Consolidated Balance Sheets in the amount of $<ix:nonFraction unitRef="usd" contextRef="i9f22dfe3a5e74b5db137c713774a1699_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseRightOfUseAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYyMDU_45a0ca07-71d6-45fb-a568-6efd4c0d5685">2,125</ix:nonFraction> and a lease liability within accounts payable and other liabilities on our Consolidated Balance Sheets in the amount of $<ix:nonFraction unitRef="usd" contextRef="i9f22dfe3a5e74b5db137c713774a1699_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GroundLeasesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zMS9mcmFnOjIwNTA2ZDIwYWNlODRkMzg5MTBkNDM3NzE4YTVkYjU4L3RleHRyZWdpb246MjA1MDZkMjBhY2U4NGQzODkxMGQ0Mzc3MThhNWRiNThfMTYzMjg_772dfb4a-70db-42c6-917e-025e896e6847">2,247</ix:nonFraction>.</ix:continuation></span></div><div id="ie5281456beca4763989f9512c5f26319_34"></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 3&#8212;PROPERTY</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The primary reason we make acquisitions of real estate investments in the apartment, industrial, office, retail and other property sectors is to invest capital contributed by stockholders in a diversified portfolio of real estate assets. All references to square footage and units are unaudited.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Acquisitions</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 21, 2021, we acquired Louisville Distribution Center, a <ix:nonFraction unitRef="sqft" contextRef="ia1657c1fbc7e4a2083e1646127b492db_I20210121" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AreaOfRealEstateProperty" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfMzk3_5ba5efc8-cd7d-491a-abed-82334d16ba41">1,040,000</ix:nonFraction> square foot industrial property located in Shepherdsville, Kentucky for approximately $<ix:nonFraction unitRef="usd" contextRef="ia1657c1fbc7e4a2083e1646127b492db_I20210121" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfNDg2_bd3d5d63-24f0-4d81-9e6f-d6f6a40edf3a">95,000</ix:nonFraction>. The acquisition was funded with cash on hand.</span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 2, 2021, we acquired 170 Park Ave, a <ix:nonFraction unitRef="sqft" contextRef="i6c69e22867a74b629a10c67d8de5f61f_I20210202" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AreaOfRealEstateProperty" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfNTg1_4f4d23e5-9114-46b6-857f-18e7ef18354d">147,000</ix:nonFraction> square foot life sciences property located in Florham Park, New Jersey for approximately $<ix:nonFraction unitRef="usd" contextRef="i6c69e22867a74b629a10c67d8de5f61f_I20210202" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfNjc3_71dcaf51-da01-4f77-a255-0febc8631e54">46,600</ix:nonFraction>. The acquisition was funded with cash on hand.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 23, 2021, we acquired Southeast Phoenix Distribution Center, a four property industrial distribution center totaling <ix:nonFraction unitRef="sqft" contextRef="ia66b36f6ec7f4b44809ec3355e675708_I20210223" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AreaOfRealEstateProperty" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfODU2_e73e9153-8c2c-4e66-a153-57f8936a09f4">474,000</ix:nonFraction> square feet located in Chandler, Arizona for approximately $<ix:nonFraction unitRef="usd" contextRef="ia66b36f6ec7f4b44809ec3355e675708_I20210223" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfOTE4_e7f6a6ad-f466-4c4f-9703-1b9daa05098e">91,000</ix:nonFraction>. The acquisition was funded with cash on hand. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 3, 2021, we acquired Princeton North Andover, a newly constructed, 192-unit apartment property located in North Andover, Massachusetts, for approximately $<ix:nonFraction unitRef="usd" contextRef="if43cc7fe9d6a4061be64dc95045a342a_I20210503" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfMTA5OTUxMTYzMDIwNg_8e48f3a1-1697-4377-a7b1-6bcddbd9c8a8">72,500</ix:nonFraction>. The acquisition was funded with cash on hand. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 24, 2021, we acquired Louisville Airport Distribution Center, a nearly <ix:nonFraction unitRef="sqft" contextRef="i3bec4811811f41eba2ebde5f77cac9e4_I20210624" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AreaOfRealEstateProperty" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfMjc0ODc3OTA3MTg1MA_3929bb32-444b-4750-8337-0c4d8f0a0592">284,000</ix:nonFraction> square-foot, newly constructed Class A industrial property located in the Southside/Airport industrial submarket for approximately $<ix:nonFraction unitRef="usd" contextRef="i3bec4811811f41eba2ebde5f77cac9e4_I20210624" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfMjc0ODc3OTA3MTgzNg_884f7eaa-6378-4512-bb60-97e6b31239d6">32,100</ix:nonFraction>.  The acquisition was funded with cash on hand. </span></div><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfMTQ2Mw_dffa1d9b-8079-4bba-8dd1-50e1681c4736" escape="true"><div style="margin-top:5pt;padding-right:18pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We allocated the purchase price for our 2021 acquisitions in accordance with authoritative guidance as follows:</span></div><div style="margin-top:10pt;padding-right:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:78.578%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.222%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021 Acquisitions</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icdc6ffc2d7684852838fe6854d041b78_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Land" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RhYmxlOmZlZTEwNzRjNWE2ZDQzMjU5MjQ4ZTNmNjJkMzNjZGZlL3RhYmxlcmFuZ2U6ZmVlMTA3NGM1YTZkNDMyNTkyNDhlM2Y2MmQzM2NkZmVfMS0xLTEtMS0w_68f5fbcf-8cde-4d6a-a940-f8bf04ce2245">33,326</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Building and equipment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icdc6ffc2d7684852838fe6854d041b78_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentBuildingAndBuildingImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RhYmxlOmZlZTEwNzRjNWE2ZDQzMjU5MjQ4ZTNmNjJkMzNjZGZlL3RhYmxlcmFuZ2U6ZmVlMTA3NGM1YTZkNDMyNTkyNDhlM2Y2MmQzM2NkZmVfMi0xLTEtMS0w_d65fd6ca-b970-4f0e-81c1-fe61bc8bf71a">266,491</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">In-place lease intangible (acquired intangible assets)</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icdc6ffc2d7684852838fe6854d041b78_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetAcquiredInPlaceLeases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RhYmxlOmZlZTEwNzRjNWE2ZDQzMjU5MjQ4ZTNmNjJkMzNjZGZlL3RhYmxlcmFuZ2U6ZmVlMTA3NGM1YTZkNDMyNTkyNDhlM2Y2MmQzM2NkZmVfNC0xLTEtMS0w_8e124c71-dc1c-48ce-9dd2-ada1eb16d0fb">44,655</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Above-market lease intangible (acquired intangible assets)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icdc6ffc2d7684852838fe6854d041b78_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RhYmxlOmZlZTEwNzRjNWE2ZDQzMjU5MjQ4ZTNmNjJkMzNjZGZlL3RhYmxlcmFuZ2U6ZmVlMTA3NGM1YTZkNDMyNTkyNDhlM2Y2MmQzM2NkZmVfNS0xLTEtMS0w_a839e0a5-9af0-4774-baa0-c7042826abab">2,214</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RhYmxlOmZlZTEwNzRjNWE2ZDQzMjU5MjQ4ZTNmNjJkMzNjZGZlL3RhYmxlcmFuZ2U6ZmVlMTA3NGM1YTZkNDMyNTkyNDhlM2Y2MmQzM2NkZmVfNi0xLTEtMS0w_6c0c2404-3400-4fbd-b36b-2ed94b3fdeb1">15,514</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icdc6ffc2d7684852838fe6854d041b78_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RhYmxlOmZlZTEwNzRjNWE2ZDQzMjU5MjQ4ZTNmNjJkMzNjZGZlL3RhYmxlcmFuZ2U6ZmVlMTA3NGM1YTZkNDMyNTkyNDhlM2Y2MmQzM2NkZmVfMTEtMS0xLTEtMA_d5fa7fbd-1e37-4724-881a-b77a160bb96f">331,172</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization period for intangible assets and liabilities</span></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ic8a40aadebf44df09919698bf9c5098e_D20210101-20210630" format="ixt-sec:durmonth" name="us-gaap:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RhYmxlOmZlZTEwNzRjNWE2ZDQzMjU5MjQ4ZTNmNjJkMzNjZGZlL3RhYmxlcmFuZ2U6ZmVlMTA3NGM1YTZkNDMyNTkyNDhlM2Y2MmQzM2NkZmVfMTItMS0xLTEtMC90ZXh0cmVnaW9uOjA0MDk0NzFlZGFmZjQ1YmM4Y2FmOWI4NjRlNDU2NjJjXzQ_607892ed-1e2a-4218-aca0-2643b346e873">6</ix:nonNumeric> - <ix:nonNumeric contextRef="i7673101d7cbf4dc3bdce808001cd7eac_D20210101-20210630" format="ixt-sec:durmonth" name="us-gaap:FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RhYmxlOmZlZTEwNzRjNWE2ZDQzMjU5MjQ4ZTNmNjJkMzNjZGZlL3RhYmxlcmFuZ2U6ZmVlMTA3NGM1YTZkNDMyNTkyNDhlM2Y2MmQzM2NkZmVfMTItMS0xLTEtMC90ZXh0cmVnaW9uOjA0MDk0NzFlZGFmZjQ1YmM4Y2FmOWI4NjRlNDU2NjJjXzk_c0c67bd4-7cb5-4921-a79b-bff70c82da05">180</ix:nonNumeric> months</span></div></td></tr></table></div></ix:nonNumeric><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Disposition</span></div><div style="margin-top:5pt;padding-right:18pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 8, 2021, we sold South Seattle Distribution Center, a three property industrial center totaling <ix:nonFraction unitRef="sqft" contextRef="i5bb5ac84c1604417b13381bfef5a6024_I20210108" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AreaOfRealEstateProperty" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfMTIwMg_35d7f112-6e71-433f-9ad2-539fb0774f2a">323,000</ix:nonFraction> square feet located in Seattle, Washington for approximately $<ix:nonFraction unitRef="usd" contextRef="iaa550bd1af2e40c29e7e217b8dba5921_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfPropertyHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfMTI2Ng_e36bcba5-ba09-47ab-849c-e404a8f26200">72,600</ix:nonFraction> less closing costs.  In connection with the disposition, the mortgage loan associated with the property of $<ix:nonFraction unitRef="usd" contextRef="iaa550bd1af2e40c29e7e217b8dba5921_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ExtinguishmentOfDebtAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfMTM3Ng_761f7a73-adc4-47af-9888-11704c2e802e">17,841</ix:nonFraction> was retired. We recorded a gain on the sale of the property in the amount of $<ix:nonFraction unitRef="usd" contextRef="iaa550bd1af2e40c29e7e217b8dba5921_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnDispositionOfAssets1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNC9mcmFnOjg1MDIzZGRlODIzZDQ4ZDBhYWE2YjY1NWJlYzA4NWIxL3RleHRyZWdpb246ODUwMjNkZGU4MjNkNDhkMGFhYTZiNjU1YmVjMDg1YjFfMTQ1Ng_2e06d3a5-ccd9-40da-a050-d15f8dd6e9fb">33,580</ix:nonFraction>. </span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_37"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 4&#8212;<ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:EquityMethodInvestmentsDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMzU0Nw_5d3861dd-e0ab-4d56-a954-1b3bcc21f54d" continuedAt="i9ab06ed39afc48ae8bfc0f71b72ea558" escape="true">UNCONSOLIDATED REAL ESTATE AFFILIATES AND FUND INVESTMENTS</ix:nonNumeric></span></div><ix:continuation id="i9ab06ed39afc48ae8bfc0f71b72ea558" continuedAt="id754019c4dae48b8ae90c65a830b82e4"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:EquityMethodInvestmentsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMzU0OQ_a55da2db-56c7-4f2a-b821-32ee974489e7" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Unconsolidated Real Estate Affiliates</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to investments in consolidated properties, we may make investments in real estate which are classified as unconsolidated real estate affiliates under GAAP. The following represent our unconsolidated real estate affiliates as of June&#160;30, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:10pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:23.680%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.483%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.468%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.562%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.566%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying Amount of Investment</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Property</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Property Type</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;June 30, 2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chicago Parking Garage</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chicago, IL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 23, 2014</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i07af650296e34c3db8fe112fae606710_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjFiZWZiM2YxMzcxZjQ5ZTNiOWI3ZDEwNGQzODY2MWNlL3RhYmxlcmFuZ2U6MWJlZmIzZjEzNzFmNDllM2I5YjdkMTA0ZDM4NjYxY2VfMi04LTEtMS0w_a65bd4b5-a067-4bd1-b362-d6a7c9208130">14,075</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id1b88db20b7c4f869b5f98cc35b6267b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EquityMethodInvestments" scale="3" 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style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Burlington, MA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 19, 2018</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td 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style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i250507cc08c84796839b0f0c8437c621_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjFiZWZiM2YxMzcxZjQ5ZTNiOWI3ZDEwNGQzODY2MWNlL3RhYmxlcmFuZ2U6MWJlZmIzZjEzNzFmNDllM2I5YjdkMTA0ZDM4NjYxY2VfNC0xMC0xLTEtMA_d08c4a55-961f-40fc-8ab1-7928e8c9f2c4">21,430</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The Huntington</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Burlington, MA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjFiZWZiM2YxMzcxZjQ5ZTNiOWI3ZDEwNGQzODY2MWNlL3RhYmxlcmFuZ2U6MWJlZmIzZjEzNzFmNDllM2I5YjdkMTA0ZDM4NjYxY2VfNi04LTEtMS0w_52771836-4cca-4fca-89bd-ad1720415e96">30,804</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i57ddb72cc57e457ab4d0c3d874ddbb4b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjFiZWZiM2YxMzcxZjQ5ZTNiOWI3ZDEwNGQzODY2MWNlL3RhYmxlcmFuZ2U6MWJlZmIzZjEzNzFmNDllM2I5YjdkMTA0ZDM4NjYxY2VfNi0xMC0xLTEtMA_8afc53aa-1ce9-4297-878e-5253ade941aa">32,196</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjFiZWZiM2YxMzcxZjQ5ZTNiOWI3ZDEwNGQzODY2MWNlL3RhYmxlcmFuZ2U6MWJlZmIzZjEzNzFmNDllM2I5YjdkMTA0ZDM4NjYxY2VfNy04LTEtMS0w_ba4cc497-8f6f-4cd7-a3ff-7d24a89da825">181,224</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjFiZWZiM2YxMzcxZjQ5ZTNiOWI3ZDEwNGQzODY2MWNlL3RhYmxlcmFuZ2U6MWJlZmIzZjEzNzFmNDllM2I5YjdkMTA0ZDM4NjYxY2VfNy0xMC0xLTEtMA_8f55fd08-5c84-4ab8-a8a9-80d46975dd05">187,890</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Summarized Combined Statements of Operations&#8212;Unconsolidated Real Estate Affiliates&#8212;Equity Method Investments</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.502%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.835%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.128%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.420%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.425%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total revenues</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6e2d3a2c76cb478da8db9e12e57f640e_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMS0xLTEtMS0w_470b58f9-2c8a-4856-8b5d-4d310490bca3">5,276</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32383aef9b07440585bdb88bd0bd4031_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMS0zLTEtMS0w_1d16e245-0154-49bb-8949-319950855b7a">3,870</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdc5a150ec6d4d069fa0854c616bf0af_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMS01LTEtMS0w_86307f4e-abe9-4ecb-a2a8-9267021a0991">10,402</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1dd5b8257d6b4741b2c8f557063a0099_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMS03LTEtMS0w_5f5b5e5f-4cc0-4443-bf1e-98691b4f1644">8,266</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total operating expenses</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6e2d3a2c76cb478da8db9e12e57f640e_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMi0xLTEtMS0w_52068ed2-5570-4041-aca6-9eca62b41eab">5,736</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32383aef9b07440585bdb88bd0bd4031_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMi0zLTEtMS0w_3f358971-128c-4d9d-b0b6-1900db03d499">3,955</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdc5a150ec6d4d069fa0854c616bf0af_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMi01LTEtMS0w_5c019981-8cc2-40d5-a5ca-f807dfbecbb0">11,437</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1dd5b8257d6b4741b2c8f557063a0099_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMi03LTEtMS0w_f9547592-114c-4b79-8532-9901c02b1614">8,008</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating income</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6e2d3a2c76cb478da8db9e12e57f640e_D20210401-20210630" decimals="-3" sign="-" name="us-gaap:OperatingIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMy0xLTEtMS0w_d09b0fa2-1372-49fd-a718-3306d8fae26e">460</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i32383aef9b07440585bdb88bd0bd4031_D20200401-20200630" decimals="-3" sign="-" name="us-gaap:OperatingIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMy0zLTEtMS0w_595c2ab6-997d-4629-a2ae-4e32c9a178fe">85</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ibdc5a150ec6d4d069fa0854c616bf0af_D20210101-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OperatingIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMy01LTEtMS0w_064ec4ed-1a7b-4df0-8cf2-462451509cce">1,035</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1dd5b8257d6b4741b2c8f557063a0099_D20200101-20200630" decimals="-3" name="us-gaap:OperatingIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfMy03LTEtMS0w_ed58265f-1db2-46b3-a77e-85c01f6b0cac">258</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6e2d3a2c76cb478da8db9e12e57f640e_D20210401-20210630" decimals="-3" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfNC0xLTEtMS0w_ad1f79fd-624f-408f-97c6-3f48c0ad9a9c">834</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32383aef9b07440585bdb88bd0bd4031_D20200401-20200630" decimals="-3" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfNC0zLTEtMS0w_1d98689b-79d1-4353-9402-648bb1b2bc3d">533</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdc5a150ec6d4d069fa0854c616bf0af_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfNC01LTEtMS0w_07229f26-f678-45c2-ab78-6f0ded57cb64">1,680</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1dd5b8257d6b4741b2c8f557063a0099_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfNC03LTEtMS0w_3dde590e-869c-4204-9820-fec76371eb2e">1,067</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6e2d3a2c76cb478da8db9e12e57f640e_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfNS0xLTEtMS0w_7169d2a5-b81f-42bd-a208-699b3c7e9fa0">1,294</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i32383aef9b07440585bdb88bd0bd4031_D20200401-20200630" decimals="-3" sign="-" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfNS0zLTEtMS0w_a6bd17bb-1eaf-450d-9d5f-3ac4351f1b99">618</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ibdc5a150ec6d4d069fa0854c616bf0af_D20210101-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfNS01LTEtMS0w_18f98195-7125-403b-b05d-c6b7e75b5265">2,715</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1dd5b8257d6b4741b2c8f557063a0099_D20200101-20200630" decimals="-3" sign="-" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjdhNzAzN2U0NjUyNTQ5MTc4NmM2MzIyZTZlMGE1Mjk3L3RhYmxlcmFuZ2U6N2E3MDM3ZTQ2NTI1NDkxNzg2YzYzMjJlNmUwYTUyOTdfNS03LTEtMS0w_b572be45-842a-47d8-aba9-5456dd306fe5">809</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div></ix:nonNumeric><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Real Estate Fund Investment</span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">NYC Retail Portfolio</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 8, 2015, a wholly-owned subsidiary of the Company acquired an approximate <ix:nonFraction unitRef="number" contextRef="iefeddbd730814e778a36adae4b159b71_I20151208" decimals="INF" name="us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfNjA5_b001c566-6965-4f94-b93c-00617a92d6b0">28</ix:nonFraction>% interest in a newly formed limited partnership, Madison NYC Core Retail Partners, L.P., which acquired an approximate <ix:nonFraction unitRef="number" contextRef="i7d8989fd0fb24ae097b9ea0deea4b269_I20151208" decimals="INF" name="us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfNzMw_74d8e25e-f4bb-40de-a21d-b7b7c5f2c772">49</ix:nonFraction>% interest in entities that initially owned 15 retail properties located in the greater New York City area (the &#8220;NYC Retail Portfolio&#8221;), the result of which is that we own an approximate <ix:nonFraction unitRef="number" contextRef="i5f03656438054f928732d11bd9eea794_I20151208" decimals="INF" name="jllipt:RealEstatePropertyOwnershipPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfOTE4_8674175a-54cc-4fd6-837e-5bbb3831c4a6">14</ix:nonFraction>% interest in the NYC Retail Portfolio. The purchase price for such portion was approximately $<ix:nonFraction unitRef="usd" contextRef="i5f03656438054f928732d11bd9eea794_I20151208" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMTAxMw_7e31a524-5a00-4960-9022-ca54f1139f4c">85,600</ix:nonFraction> including closing costs. As of June&#160;30, 2021, the NYC Retail Portfolio owned 8 retail properties totaling approximately <ix:nonFraction unitRef="sqft" contextRef="i44df3a71166a4fed9cdba5f25664fbc5_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AreaOfRealEstateProperty" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMTEyNg_48ab0af6-0c72-425f-8d4e-ba10fdb02955">1,940,000</ix:nonFraction> square feet across urban infill locations in Manhattan, Brooklyn, Queens and New Jersey. </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At acquisition we made the election to account for our interest in the NYC Retail Portfolio under the fair value option. This fair value election was made as the investment is in the form of a commingled fund with institutional partners where fair value accounting provides the most relevant information about the financial condition of the investment. We record increases and decreases in our investment each reporting period based on the change in the fair value of the investment as estimated by the general partner. Critical inputs to NAV estimates include valuations of the underlying real estate assets, which incorporate investment-specific assumptions such as discount rates, capitalization rates and rental growth rates. We did not consider adjustments to NAV estimates provided by the general partner, including adjustments for any restrictions to the transferability of ownership interests embedded within the investment agreement to which we are a party, to be necessary based upon (1) our understanding of the methodology utilized and inputs incorporated to estimate NAV at the investment level, (2) consideration of market demand for the retail assets held by the venture, and (3) contemplation of real estate and capital markets conditions in the localities in which the venture operates. We have no unfunded commitments. Our investment in the NYC Retail Portfolio is presented on our Consolidated Balance Sheets within real estate fund investment. Changes in the fair value of our investment as well as cash distributions received are recorded on our Consolidated Statements of Operations within income from unconsolidated real estate affiliates and fund investments.  As of June&#160;30, 2021 and December&#160;31, 2020, the carrying amount of our investment in the NYC Retail Portfolio was $<ix:nonFraction unitRef="usd" contextRef="i44df3a71166a4fed9cdba5f25664fbc5_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMjk5MQ_64eb392f-eb4a-4b97-8a15-bc3e6ca5b8bf">79,156</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="if66434553b5748d1880cc4773bfcd14b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMjk5OA_e4005548-a6c1-4b70-9860-47195f51c1ce">79,192</ix:nonFraction>, respectively. During the three and six months ended June 30, 2021, we recorded a decrease in fair value of our investment in the NYC Retail Portfolio of $<ix:nonFraction unitRef="usd" contextRef="i4831567ae26e4e2bbc99ae9fe3fcf25e_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMzExOA_5d770b51-2989-43e5-be84-ea33f61d79de">1,118</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i717e0cab41b14767a44a0798a184b918_D20210101-20210630" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMTA5OTUxMTYzMTM2Ng_38545ef2-ff52-4b40-bf6b-932699203981">36</ix:nonFraction>, respectively and received no cash distributions.  During the three and six months ended June 30, 2020, we recorded a decrease in fair value of our investment in the NYC Retail Portfolio of $<ix:nonFraction unitRef="usd" contextRef="i68f2d1f37a9b4e0d991403e0878e2745_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMTA5OTUxMTYzMTQ2MA_32ed615d-6dd5-461f-8991-9f28c104ebda">3,352</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="id9500452de974ddda854e41cdfedfef7_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMTA5OTUxMTYzMTQ2Ng_919b6667-f9fb-4fcf-a9c7-7cb0f2f67548">12,088</ix:nonFraction>, respectively and received no cash distributions. On March 4, 2020, a retail property in the NYC Retail Portfolio with a square footage of <ix:nonFraction unitRef="sqft" contextRef="i44df3a71166a4fed9cdba5f25664fbc5_I20210630" decimals="0" format="ixt:numdotdecimal" name="jllipt:Areaofunconsolidatedrealestatepropertysold" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMzM4Nw_3a21e914-545c-4190-a78d-be6335dc8e3e">74,000</ix:nonFraction> was sold and the mortgage loan was extinguished. </span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div></div><ix:continuation id="id754019c4dae48b8ae90c65a830b82e4"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Summarized Statement of Operations&#8212;NYC Retail Portfolio Investment&#8212;Fair Value Option Investment</span></div><div style="margin-top:10pt"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RleHRyZWdpb246NjVkNTRlOTMxNmMzNDdkY2IzNDNhOWFjZTQ2ZTAwN2RfMzU0MA_66b7a324-8068-4b97-b2c3-c1a384ada186" escape="true"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:34.133%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.548%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total revenue</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0601906c006541f58850a97f3cf1f6df_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfMS0xLTEtMS0w_6c4f5232-f27f-4a63-8c8b-7376ab602f80">1,040</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idae6c77dbec842dea9bc7455b4202022_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfMS01LTEtMS0w_4da4ce58-7312-45cf-b3e0-7ecff7b0b7e7">1,076</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic9e7b21be15e4f10956b02fb63aa5610_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfMS03LTEtMS0w_91616939-ebee-47bf-b9e2-09db40026e0a">1,934</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investment income (loss)</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0601906c006541f58850a97f3cf1f6df_D20210401-20210630" decimals="-3" name="us-gaap:NetInvestmentIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfMy0xLTEtMS0w_34467010-c033-4937-a223-e2b08ef1f1f7">525</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i205467deaf0b49a798a56f0a56a4ec56_D20200401-20200630" decimals="-3" name="us-gaap:NetInvestmentIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfMy0zLTEtMS0w_20ef26a8-196e-4c73-8635-cdf01f9b9ad4">174</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idae6c77dbec842dea9bc7455b4202022_D20210101-20210630" decimals="-3" name="us-gaap:NetInvestmentIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfMy01LTEtMS0w_176d8a96-1d14-4263-ac0b-90d8bfb4a813">32</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic9e7b21be15e4f10956b02fb63aa5610_D20200101-20200630" decimals="-3" name="us-gaap:NetInvestmentIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfMy03LTEtMS0w_53e2307f-beab-453d-8ac6-95f55ace1c6e">910</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net change in unrealized loss on investment in real estate venture</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i0601906c006541f58850a97f3cf1f6df_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfNC0xLTEtMS0w_80fd99ee-f0e1-4741-a613-6a7defd07e10">4,039</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i205467deaf0b49a798a56f0a56a4ec56_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfNC0zLTEtMS0w_14d66672-648e-48a3-830c-c3d71e17bbbc">12,113</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="idae6c77dbec842dea9bc7455b4202022_D20210101-20210630" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfNC01LTEtMS0w_6c3d945d-bc9c-422a-b0a2-f6c59c7cad88">132</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic9e7b21be15e4f10956b02fb63aa5610_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfNC03LTEtMS0w_1f5ad700-8288-4ce3-9ee5-faa8ed404d8b">43,673</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i0601906c006541f58850a97f3cf1f6df_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProfitLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfNS0xLTEtMS0w_a4840604-04d8-4099-bdc5-027693ab7563">3,514</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i205467deaf0b49a798a56f0a56a4ec56_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProfitLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfNS0zLTEtMS0w_6838a33f-5419-48f1-b5b4-2748cfca4899">12,287</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="idae6c77dbec842dea9bc7455b4202022_D20210101-20210630" decimals="-3" name="us-gaap:ProfitLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfNS01LTEtMS0w_bf47ec18-180d-4f4b-9e2e-bdddf742f924">100</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic9e7b21be15e4f10956b02fb63aa5610_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProfitLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV8zNy9mcmFnOjY1ZDU0ZTkzMTZjMzQ3ZGNiMzQzYTlhY2U0NmUwMDdkL3RhYmxlOjU0NmE3NWZjMGM0ZjQ0ZjliMGYyOThiZDhlMDQxMTgzL3RhYmxlcmFuZ2U6NTQ2YTc1ZmMwYzRmNDRmOWIwZjI5OGJkOGUwNDExODNfNS03LTEtMS0w_9d85e7fb-ee4f-49f3-ad74-eff92741101e">42,763</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></ix:nonNumeric></div></ix:continuation><div id="ie5281456beca4763989f9512c5f26319_43"></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 5&#8212;<ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:DebtDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDk5MA_245bea77-51ef-47e9-94e2-9fee7da2a79e" continuedAt="i743d76f8083e4a4da76ef63df3517fa8" escape="true">MORTGAGE NOTES AND OTHER DEBT PAYABLE</ix:nonNumeric></span></div><ix:continuation id="i743d76f8083e4a4da76ef63df3517fa8" continuedAt="ibbb1606f72ac46c6baa3c6616c05ee88"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:ScheduleOfDebtInstrumentsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDk3Nw_82252dfe-9d3d-433b-b6fb-45f0541c5a92" continuedAt="i72f11e98f8c24aecb509af7730fa46eb" escape="true"><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mortgage notes and other debt payable have various maturities through 2031 and consist of the following:</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:36.876%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.641%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.070%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.416%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.565%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Mortgage notes and other debt payable</span></div></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Maturity&#160;Date</span></div></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Interest<br/>Rate</span></div></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Amount payable as of</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">June 30, 2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mortgage notes payable</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (1) (2) (3) (4) (5) (6) (7)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 1, 2023 - March 1, 2038</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="rate" contextRef="i261c2227a92045c8aec2f76e8391ee4a_I20210630" decimals="INF" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfMi00LTEtMS0wL3RleHRyZWdpb246NTg3ZmNiNDQwODI3NGFkNWI4OTI4ODA1ZjJlOWI0N2FfNA_f534d478-635d-44fa-8688-9e0394436e24">2.41</ix:nonFraction>% - <ix:nonFraction unitRef="rate" contextRef="i77fff643461a493e900ea5f610552d9e_I20210630" decimals="INF" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfMi00LTEtMS0wL3RleHRyZWdpb246NTg3ZmNiNDQwODI3NGFkNWI4OTI4ODA1ZjJlOWI0N2FfMTA_a747568d-331b-41e2-bd79-7c768cdde20c">5.30</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaf919643585f465aa80e024b2a8682b3_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfMi02LTEtMS0w_0f1b3614-f568-438f-b718-77e0eb467825">916,925</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7f11ffe61bb347cbaa05145f45581206_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfMi04LTEtMS0w_110829dc-1011-40ae-8874-6e8c84b93b06">771,043</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Credit facility</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Term loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">May 25, 2024</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="rate" contextRef="icb5261c37895406f8a96d09a35c044be_I20210630" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfNi00LTEtMS0w_70f1d899-16b7-401b-9f05-2904db2fccea">3.10</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb5261c37895406f8a96d09a35c044be_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCredit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfNi02LTEtMS0w_b1a15670-b26c-4525-ab9d-abcb9a2cc71f">100,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb5261c37895406f8a96d09a35c044be_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCredit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfNi04LTEtMS0w_8df670de-7cb8-4314-80a8-4c138144191a">100,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TOTAL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfNy02LTEtMS0w_9b627271-742e-4b2a-aff0-f97804c4ebe6">1,016,925</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfNy04LTEtMS0w_073b5b1c-dfff-454e-891a-f83bd5880d21">871,043</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net debt discount on assumed debt and debt issuance costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DeferredFinanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfOC02LTEtMS0w_2ff7d548-0597-42f3-a386-45dffc3a77cb">8,429</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DeferredFinanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfOC04LTEtMS0w_ea14b0e2-3b08-4cbf-8aa4-27afd5f500d6">2,941</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="15" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mortgage notes and other debt payable, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfOS02LTEtMS0w_a4d35b06-b2d8-4f1a-930c-575d3c12bda6">1,008,496</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a9fd43529814aa4ba4305af7c2c64a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfOS04LTEtMS0w_8b8b45d1-645a-4f0a-9425-1720c231dd4f">868,102</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">South Seattle Distribution Center</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (8)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2a9a11d51c44430baf59d1c9de70defd_I20210630" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfMTEtNi0xLTEtMA_03dfe247-8840-43d0-97b9-94e94817fe55">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i368fdeb4c5fd4d59af25540300b25774_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfMTEtOC0xLTEtMA_96a8d2e8-62d1-425c-a5f1-b02ff9200efa">17,873</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mortgage notes and other debt payable of held for sale property</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i541b7ba23970428f94e150d17d1cd676_I20210630" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfMTItNi0xLTEtMA_343eb14d-e402-4d08-a458-5c1a443ce6d9">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7dc3af25a49c4adaad1f9ab6feb711f4_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOjNlN2ViZTFkYjQ4YzQ5YmVhY2JkZjZjMzZiYmU5ODNiL3RhYmxlcmFuZ2U6M2U3ZWJlMWRiNDhjNDliZWFjYmRmNmMzNmJiZTk4M2JfMTItOC0xLTEtMA_5dde1e37-9a42-4aa1-9aa4-24070a1d3f04">17,873</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1) &#160;&#160;&#160;&#160;On February 10, 2021, we entered into a $<ix:nonFraction unitRef="usd" contextRef="i6d5ff1874f8f44f89cc61f184aa58ef7_I20210210" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMjEx_bd905761-4086-4f86-aa7c-b294d252b70b">34,000</ix:nonFraction> mortgage payable on Whitestown Distribution Center. The mortgage note bears an interest of <ix:nonFraction unitRef="rate" contextRef="i6d5ff1874f8f44f89cc61f184aa58ef7_I20210210" decimals="INF" name="us-gaap:DerivativeFixedInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMzA1_296b28aa-e402-4abd-b421-e629717a244f">2.95</ix:nonFraction>% and matures on February 10, 2028. </span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2)&#160;&#160;&#160;&#160;On March 8, 2021, we repaid the mortgage note payable related to 140 Park Avenue in the amount of $<ix:nonFraction unitRef="usd" contextRef="ia6ba23f235df40288aac2c23801ff01a_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ExtinguishmentOfDebtAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDQ1_f86bcf73-16bc-4383-b703-aa92ee7b23ee">22,800</ix:nonFraction>.</span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3)&#160;&#160;&#160;&#160;On March 11, 2021, we entered into a $<ix:nonFraction unitRef="usd" contextRef="i341a55110075490390780347b4d331b2_I20210311" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDkw_073bf1fb-2235-41a4-b826-e6f12f326fc5">36,030</ix:nonFraction> mortgage payable on Townlake of Coppell.  The mortgage note bears an interest rate of <ix:nonFraction unitRef="rate" contextRef="i341a55110075490390780347b4d331b2_I20210311" decimals="INF" name="us-gaap:DerivativeFixedInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNTc5_cb075d18-0c24-4c5b-a684-50683d79b6b2">2.41</ix:nonFraction>% and matures on April 10, 2028. </span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4) &#160;&#160;&#160;&#160;On March 17, 2021, we repaid the mortgage note payable related to Monument IV in the amount of $<ix:nonFraction unitRef="usd" contextRef="i8da51f413df04b64949525e670695ac7_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ExtinguishmentOfDebtAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNzE0_791339c0-b78b-4309-9e4c-92543904c447">40,000</ix:nonFraction>.</span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(5) &#160;&#160;&#160;&#160;On April 26, 2021, we entered into a $<ix:nonFraction unitRef="usd" contextRef="iea83ae411b0b4313b460297e65215b6e_I20210426" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMTY0OTI2NzQ0NzA0MQ_c9047a7d-11d2-490a-a63a-5f2d72881073">52,250</ix:nonFraction> mortgage payable on Louisville Distribution Center. The mortgage bears an interest rate of <ix:nonFraction unitRef="rate" contextRef="iea83ae411b0b4313b460297e65215b6e_I20210426" decimals="INF" name="us-gaap:DerivativeFixedInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMTY0OTI2NzQ0NzA0OQ_4b5d7d73-cf43-4b90-ac8e-bfa394cd3842">1.76</ix:nonFraction>% and matures on May 1, 2026.</span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(6)&#160;&#160;&#160;&#160;On May 18, 2021, we entered into a $<ix:nonFraction unitRef="usd" contextRef="i34e27804700d4c52a2d186ecc0e18274_I20210518" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMTY0OTI2NzQ0NzA1OQ_4280f1fc-5d2e-4bb2-8316-ed6467f23919">49,000</ix:nonFraction> mortgage payable on Southeast Phoenix Distribution Center. The mortgage bears an interest rate of <ix:nonFraction unitRef="rate" contextRef="i34e27804700d4c52a2d186ecc0e18274_I20210518" decimals="INF" name="us-gaap:DerivativeFixedInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMTY0OTI2NzQ0NzA2Nw_04af2515-a314-4c00-91fe-1a50add61e86">2.70</ix:nonFraction>% and matures on June 1, 2028.</span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(7)&#160;&#160;&#160;&#160;On June 30, 2021, we entered into a $<ix:nonFraction unitRef="usd" contextRef="i832bc6a1adf24333bb64dc57416197a6_I20210518" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMTA5OTUxMTY0NDQ2MQ_992e4078-891d-4afb-906d-a5c2bbbd858d">39,900</ix:nonFraction> mortgage payable on Princeton North Andover. The mortgage bears an interest rate of LIBOR + 1.55% (<ix:nonFraction unitRef="rate" contextRef="i832bc6a1adf24333bb64dc57416197a6_I20210518" decimals="INF" name="us-gaap:DerivativeFixedInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMTA5OTUxMTY0NDQ2Ng_bb360891-03ac-4248-91da-4da694f84034">1.65</ix:nonFraction>% at June 30, 2021) and matures on June 1, 2028.</span></div></ix:nonNumeric><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i72f11e98f8c24aecb509af7730fa46eb">(8)&#160;&#160;&#160;&#160;The property associated with this loan was designated as held for sale as of December 31, 2020. The property associated with this loan was sold on January 8, 2021 and the loan was repaid.</ix:continuation>  </span></div></ix:continuation><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span><br/></span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span><br/></span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span><br/></span></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;padding-left:27pt;text-indent:-27pt"><span><br/></span></div><ix:continuation id="ibbb1606f72ac46c6baa3c6616c05ee88" continuedAt="iebd6b4d241bb4522aabdeb65a6500a32"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDk4Mw_15baa198-bdee-4dd4-945b-14fdb838b438" escape="true"><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Aggregate future principal payments of mortgage notes and other debt payable as of June&#160;30, 2021 are as follows:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:10pt;text-align:center;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:39.766%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.327%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Amount</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOmExZjk3ODY4OTk0ZTQxMTM5YTcxNmFlZmNkM2RiNWVmL3RhYmxlcmFuZ2U6YTFmOTc4Njg5OTRlNDExMzlhNzE2YWVmY2QzZGI1ZWZfMS0yLTEtMS0w_d950269b-2fe1-48ee-b97f-aecf8d1ee734">6,856</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOmExZjk3ODY4OTk0ZTQxMTM5YTcxNmFlZmNkM2RiNWVmL3RhYmxlcmFuZ2U6YTFmOTc4Njg5OTRlNDExMzlhNzE2YWVmY2QzZGI1ZWZfMi0yLTEtMS0w_a8b9d4c1-53e8-4c1f-9e1a-e2efefe1f5eb">88,896</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2023</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOmExZjk3ODY4OTk0ZTQxMTM5YTcxNmFlZmNkM2RiNWVmL3RhYmxlcmFuZ2U6YTFmOTc4Njg5OTRlNDExMzlhNzE2YWVmY2QzZGI1ZWZfMy0yLTEtMS0w_7b92883d-2cb8-4dc9-9c1e-5372536fa1ac">123,889</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOmExZjk3ODY4OTk0ZTQxMTM5YTcxNmFlZmNkM2RiNWVmL3RhYmxlcmFuZ2U6YTFmOTc4Njg5OTRlNDExMzlhNzE2YWVmY2QzZGI1ZWZfNC0yLTEtMS0w_e2bf4e1b-1cbd-4570-b97c-85de7750ed47">191,221</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOmExZjk3ODY4OTk0ZTQxMTM5YTcxNmFlZmNkM2RiNWVmL3RhYmxlcmFuZ2U6YTFmOTc4Njg5OTRlNDExMzlhNzE2YWVmY2QzZGI1ZWZfNS0yLTEtMS0w_9fe9cc1c-a227-4a62-9cda-eeff7c623215">191,152</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOmExZjk3ODY4OTk0ZTQxMTM5YTcxNmFlZmNkM2RiNWVmL3RhYmxlcmFuZ2U6YTFmOTc4Njg5OTRlNDExMzlhNzE2YWVmY2QzZGI1ZWZfNi0yLTEtMS0w_1b552e3c-25bd-4496-b5ea-8988e47e8b37">414,911</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RhYmxlOmExZjk3ODY4OTk0ZTQxMTM5YTcxNmFlZmNkM2RiNWVmL3RhYmxlcmFuZ2U6YTFmOTc4Njg5OTRlNDExMzlhNzE2YWVmY2QzZGI1ZWZfNy0yLTEtMS0w_771e1ee1-0bf1-438c-81aa-0ff734c95be0">1,016,925</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:9pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Credit Facility</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 24, 2021, we entered into a credit agreement providing for a $<ix:nonFraction unitRef="usd" contextRef="i4d3318f0d7a24616a98b4cf40e44ae75_I20170526" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMzg0ODI5MDcxMDgwNg_5b61df68-e902-42a7-9201-d6e00bf2f77b">650,000</ix:nonFraction> revolving line of credit and unsecured term loan (collectively, the &#8220;Credit Facility&#8221;) with a syndicate of eight lenders led by JPMorgan Chase Bank, N.A., Bank of America, N.A., PNC Capital Markets LLC and Wells Fargo Bank, N.A. The Credit Facility provides us with the ability, from time to time, to increase the size of the Credit Facility up to a total of $800 million, subject to receipt of lender commitments and other conditions. The $650,000 Credit Facility consists of a $<ix:nonFraction unitRef="usd" contextRef="i4d3318f0d7a24616a98b4cf40e44ae75_I20170526" decimals="-3" format="ixt:numdotdecimal" name="jllipt:RevolvingLineofCreditMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMzg0ODI5MDcxMDgxOA_d0f77a96-4b46-42e8-b851-772e27ad0281">415,000</ix:nonFraction> revolving credit facility (the &#8220;Revolving Credit Facility&#8221;) and a $<ix:nonFraction unitRef="usd" contextRef="i4d3318f0d7a24616a98b4cf40e44ae75_I20170526" decimals="-3" format="ixt:numdotdecimal" name="jllipt:TermLoanMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMzg0ODI5MDcxMDgyOQ_619b44e7-8c17-4884-bf26-6dea4552f258">235,000</ix:nonFraction> term loan (the &#8220;Term Loan&#8221;) with the ability to delay the draw of up to $<ix:nonFraction unitRef="usd" contextRef="icddf3f6d3657417bbcbbea676a781ddf_I20170804" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMzg0ODI5MDcxMDg0MA_ce1aaf58-2cc4-4a35-8b10-ac7c4b996af5">135,000</ix:nonFraction> for a period of six months. The Revolving Credit Facility contains a sublimit of $25,000 for letters of credit. The primary interest rate for the Revolving Credit Facility is based on LIBOR, plus a margin ranging from <ix:nonFraction unitRef="number" contextRef="ic8a40aadebf44df09919698bf9c5098e_D20210101-20210630" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMzg0ODI5MDcxMDg1OA_e498497d-d897-4a8a-9bd1-f39354b66d85">1.40</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="i7673101d7cbf4dc3bdce808001cd7eac_D20210101-20210630" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMzg0ODI5MDcxMDg2Ng_6674e03d-1dcc-44e6-9131-319f9f44d524">2.10</ix:nonFraction>%, depending on our total leverage ratio. The primary interest rate for the Term Loan is based on LIBOR, plus a margin ranging from <ix:nonFraction unitRef="number" contextRef="id61da781282340eca29ab62fc323e4de_I20210630" decimals="INF" name="us-gaap:DerivativeFixedInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMzg0ODI5MDcxMDkwMg_f13243d7-3b86-4d06-8426-bc91b839c41a">1.35</ix:nonFraction>% to 2.05%, depending on our total leverage ratio. The maturity date of the Revolving Credit Facility and the Term Loan is <ix:nonNumeric contextRef="i7840d3ad8644421cbce5b6a409e2a0ff_D20210101-20210630" format="ixt:datemonthdayyearen" name="us-gaap:DebtInstrumentMaturityDateRangeEnd1" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfMzg0ODI5MDcxMDg5MA_12433e28-cd33-49e9-af51-99e34bb35fff">May&#160;24, 2024</ix:nonNumeric>.  Based on our current total leverage ratio, we can elect to borrow at LIBOR plus 1.45% and LIBOR plus 1.40% for the Revolving Credit Facility and Term Loan, respectively, or alternatively, we can choose to borrow at a &#8220;base rate&#8221; equal to (i)&#160;the highest of (a)&#160;the Federal Funds Rate plus 0.5%, (b)&#160;the prime rate announced by JPMorgan Chase Bank, N.A., and (c)&#160;LIBOR plus 1.0%, plus (ii)&#160;a margin ranging from 0.40% to 1.10% for base rate loans under the Revolving Credit Facility or a margin ranging from 0.35% to 1.05% for base rate loans under the Term Loan. If the &#8220;base rate&#8221; is less than 1.0%, it will be deemed to be 1.0% for purposes of the Credit Facility. We intend to use the Revolving Credit Facility to cover short-term capital needs, for new property acquisitions and working capital.  We may not draw funds on our Credit Facility if we (i) experience a material adverse effect, which is defined to include, among other things, (a) a material adverse effect on the business, assets, operations or financial condition of the Company taken as a whole; (b) the inability of any loan party to perform any of its obligations under any loan document; or (c) a material adverse effect upon the validity or enforceability of any loan document or (ii) are in default, as that term is defined in the agreement, including a default under certain other loan agreements and/or guarantees entered into by us or our subsidiaries. As of June&#160;30, 2021, we believe no material adverse effects had occurred.  The Credit Facility provides for alternative rate benchmarks in the event that LIBOR is no longer appropriate or available.</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June&#160;30, 2021, we had $<ix:nonFraction unitRef="usd" contextRef="id61da781282340eca29ab62fc323e4de_I20210630" decimals="-3" name="jllipt:RevolvingLineofCredit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDI1MA_1c7aa2e8-06c2-4483-84cf-7a63a772627c">0</ix:nonFraction> outstanding under the Revolving Credit Facility at LIBOR + 1.40% and $<ix:nonFraction unitRef="usd" contextRef="icb5261c37895406f8a96d09a35c044be_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCredit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDMyMQ_8df670de-7cb8-4314-80a8-4c138144191a">100,000</ix:nonFraction> outstanding under the Term Loan at LIBOR + <ix:nonFraction unitRef="number" contextRef="icb5261c37895406f8a96d09a35c044be_I20210630" decimals="INF" name="us-gaap:DerivativeFixedInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDM2OA_cfcb33b5-f525-4ad5-bc0c-896fbf6db884">1.35</ix:nonFraction>%.  We swapped the LIBOR portion of our $<ix:nonFraction unitRef="usd" contextRef="icb5261c37895406f8a96d09a35c044be_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCredit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDQwOQ_e559cb11-6edc-4811-812c-e253c1874a6f">100,000</ix:nonFraction> Term Loan to a blended fixed rate of <ix:nonFraction unitRef="number" contextRef="id31f980d74aa45bdb0fe55dea2257060_D20210101-20210630" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDQ1Mw_d9127791-082a-4341-b7b6-5dd2e4d629a4">1.80</ix:nonFraction>% (all in rate of <ix:nonFraction unitRef="number" contextRef="i6bc43aa5d5704ac2b5373f005cf07694_D20210101-20210630" decimals="INF" name="us-gaap:DebtInstrumentInterestRateIncreaseDecrease" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDQ3Mg_020757d9-87a3-45f8-b576-e5cea8cdbd2c">3.15</ix:nonFraction>% at June&#160;30, 2021) and swapped $90,000 of the Revolving Credit Facility to a fixed rate of <ix:nonFraction unitRef="number" contextRef="i40938bdb336a4defbcdcb69daf1d05a8_D20210101-20210630" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDU1Mw_01180602-dfdc-4cd2-88b1-f27c98868dad">2.64</ix:nonFraction>% (all in rate of <ix:nonFraction unitRef="number" contextRef="if78d61c6d0574dada2a8dff42aa11e1f_D20210101-20210630" decimals="INF" name="us-gaap:DebtInstrumentInterestRateIncreaseDecrease" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDU3Mg_20c366c4-8a6d-4976-aaec-27f0f7b9223d">4.04</ix:nonFraction>%) at June&#160;30, 2021. The interest rate swap agreements have maturity dates ranging from May 26, 2022 through February 17, 2023.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Covenants</span></div><div style="margin-top:4.5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June&#160;30, 2021, we were in compliance with all debt covenants.  </span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Debt Issuance Costs</span></div></ix:continuation><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="iebd6b4d241bb4522aabdeb65a6500a32">Debt issuance costs are capitalized, and presented net of mortgage notes and other debt payable, and amortized over the terms of the respective agreements as a component of interest expense. Accumulated amortization of debt issuance costs at June&#160;30, 2021 and December&#160;31, 2020 was $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDkzOA_20c9d43a-ce4c-402e-9201-ad5ac0922b84">6,690</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="ia2a6f7c1483947d3ad54a5491f4e210a_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80My9mcmFnOmQzMGNkYmQ5Yzc3ZDQ3Yzc4NmMwZGNmMWQ1M2JkOGMwL3RleHRyZWdpb246ZDMwY2RiZDljNzdkNDdjNzg2YzBkY2YxZDUzYmQ4YzBfNDk0NQ_bb2bc8cc-5969-4b52-b97a-3b54a594d96f">6,749</ix:nonFraction>, respectively.</ix:continuation> </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_46"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 6&#8212;<ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:StockholdersEquityNoteDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNTg0Mw_1a709e0d-684f-4d19-92ae-ce402c619bd5" continuedAt="i9503fb5ac6024dc084878f1b07d388f2" escape="true">COMMON STOCK</ix:nonNumeric></span></div><ix:continuation id="i9503fb5ac6024dc084878f1b07d388f2" continuedAt="i6055a59f0f314736a46e0dd1b7029324"><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have five classes of common stock: Class A, Class M, Class A-I, Class M-I, and Class D.  The fees payable to LaSalle Investment Management Distributors, LLC, an affiliate of our Advisor and the dealer manager for our offerings (the "Dealer Manager"), with respect to each outstanding share of each class, as a percentage of NAV, are as follows:</span></div><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="jllipt:OfferingCostFeesTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNTg0NA_494096f1-c544-4ad8-ba30-ec724c246c64" continuedAt="ia9ec49006dd447c9834cef99202ca1e3" escape="true"><div style="margin-bottom:10pt;margin-top:10pt;text-align:center;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:61.549%"><tr><td style="width:1.0%"></td><td style="width:28.116%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.987%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.391%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.987%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.819%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Selling Commission </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:700;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Dealer Manager Fee </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:700;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class A Shares</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">up to 3.0%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.85%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class M Shares</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.30%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class A-I Shares</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">up to 1.5%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.30%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class M-I Shares</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class D Shares </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">up to 1.0%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</span></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:6pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1) &#160;&#160;&#160;&#160;Selling commissions are paid on the date of sale of our common stock.</span></div><div style="margin-top:3pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2) &#160;&#160;&#160;&#160;We accrue all future dealer manager fees up to the ten percent regulatory limitation as accrued offering costs on our Consolidated Balance Sheets on the date of sale of our common stock.  For NAV calculation purposes, dealer manager fees are accrued daily, on a continuous basis equal to 1/365th of the stated fee.  Each Class A, Class M and Class A-I share sold in a public offering will automatically convert into the number of Class M-I shares based on the then-current applicable NAV of each class on the date following the termination of the primary portion of such public offering in which we, with the assistance of the Dealer Manager, determine that total underwriting compensation paid with respect to such public offering equals 10% of the gross proceeds from the primary portion of such public offering.</span></div><div style="margin-top:3pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3) &#160;&#160;&#160;&#160;Shares of Class D common stock are only being offered pursuant to a private offering.</span></div></ix:nonNumeric><div style="margin-bottom:3pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="ia9ec49006dd447c9834cef99202ca1e3">The selling commissions and dealer manager fees are offering costs and are recorded as a reduction of additional paid in capital.</ix:continuation> </span></div><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="jllipt:StockTransactionsTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNTg0MQ_f78f317f-d485-4cf5-9e27-15602ddb9119" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Stock Transactions</span></div><div style="margin-top:4.09pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The stock transactions for each of our classes of common stock for the six months ended June 30, 2021 were as follows:</span></div><div style="margin-top:8pt;text-align:center;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.496%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.457%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Shares of </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Common Stock</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Shares of </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Common Stock</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New 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style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="ifd2da2e069654e95920b7a8b379f431e_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMS04LTEtMS0w_adff41bd-5c47-45d2-a637-700302dca04d">33,247,001</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i78cf8cfabd764d24a79236d491dd3fbf_I20201231" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMS0xMC0xLTEtMA_40a457e0-72f5-41dd-bf8c-37519e87749b">4,957,915</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Issuance of common stock</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i82932d3803f54462810baedfc8c44976_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMi0yLTEtMS0w_560b5cc6-2ec2-40d5-87e0-b8f72eea167d">7,185,987</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i32aadc12708e43f090ee650ae65c0f9f_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMi02LTEtMS0w_6374776a-437d-439c-933f-9a325e01248a">144,404</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i763fdcb480354072ab9d913fec1d33be_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMi04LTEtMS0w_8b1ec5a0-b710-4337-8711-cbb7aa1586fb">7,153,475</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Repurchase of common stock</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="i82932d3803f54462810baedfc8c44976_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockRepurchasedDuringPeriodShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMy0yLTEtMS0w_51bf1927-64af-4a2a-b897-a384497b6fcc">4,029,628</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="i64100bf5d5e64be48d42da3683739093_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockRepurchasedDuringPeriodShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMy00LTEtMS0w_898955d9-f596-47b9-ab45-fe09fc690c9b">1,316,457</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="i32aadc12708e43f090ee650ae65c0f9f_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockRepurchasedDuringPeriodShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMy02LTEtMS0w_efdb46d4-aa37-475d-b191-4ef6a0b0b099">175,871</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="i04a76781d62c40fcace5e493303af586_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockRepurchasedDuringPeriodShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMy04LTEtMS0w_9f30a97c-2995-4417-81bc-9e7735122eda">1,442,688</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i902fe7d84ff1411dbb245b513d95e445_D20210401-20210630" decimals="0" format="ixt:zerodash" name="us-gaap:StockRepurchasedDuringPeriodShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfMy0xMC0xLTEtMA_7089b986-e9c2-4fbe-9750-8cf96e39051e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Share conversions</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="i82932d3803f54462810baedfc8c44976_D20210401-20210630" decimals="0" sign="-" format="ixt:numdotdecimal" name="us-gaap:ConversionOfStockSharesIssued1" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfNC0yLTEtMS0w_7cdbe7a3-f7a7-4501-90bc-165c3d722203">86,530</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="i64100bf5d5e64be48d42da3683739093_D20210401-20210630" decimals="0" sign="-" format="ixt:numdotdecimal" name="us-gaap:ConversionOfStockSharesIssued1" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfNC00LTEtMS0w_032f8f4f-de6e-47c2-a587-d48c616ff465">515,830</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i32aadc12708e43f090ee650ae65c0f9f_D20210401-20210630" decimals="0" format="ixt:zerodash" name="us-gaap:ConversionOfStockSharesIssued1" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfNC02LTEtMS0w_5e318a50-9945-45ae-87ba-98c57eea03ee">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i04a76781d62c40fcace5e493303af586_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:ConversionOfStockSharesIssued1" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfNC04LTEtMS0w_3df6b51a-be92-474e-ac69-7ac945b6b63c">601,703</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i902fe7d84ff1411dbb245b513d95e445_D20210401-20210630" decimals="0" format="ixt:zerodash" name="us-gaap:ConversionOfStockSharesIssued1" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfNC0xMC0xLTEtMA_f6f00df3-cb0c-45c0-805a-73cab46155ea">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, June 30, 2021</span></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="ibc2c379c507c406a9cef760db7f4db8b_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfNS0yLTEtMS0w_b1469387-3263-4da7-907b-b095c3530174">92,740,925</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i6c1119dd1e2b467a87edfaa7e5d4c58c_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfNS00LTEtMS0w_62ba7249-22e1-411b-bd97-82f2e9990a32">35,056,224</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 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#000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i22454d7ea1b0438db2509c878492e697_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfNS04LTEtMS0w_14cf05fa-c439-4978-b509-a10965f66f6b">39,559,491</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i8e5f7ede747f4c12bcd6a617512b5bdf_I20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmIzNGI1ZWQ5MGMwMTQ5Yzg4NTMxOGZiZWExM2JmMTAwL3RhYmxlcmFuZ2U6YjM0YjVlZDkwYzAxNDljODg1MzE4ZmJlYTEzYmYxMDBfNS0xMC0xLTEtMA_0d220569-6d9f-4a86-a8ab-95101fba9d44">7,513,281</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:ScheduleOfStockByClassTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNTgyOA_1b33b8d9-1af9-47da-912b-2eb6a763fa3c" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Stock Issuances</span></div><div style="margin-top:4.09pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The stock issuances for our classes of common stock, including those issued through our distribution reinvestment plan, for the six months ended June 30, 2021 were as follows: </span></div><div style="margin-top:9.09pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:50.438%"><tr><td style="width:1.0%"></td><td style="width:38.030%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.249%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.885%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.249%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.887%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"># of shares</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Amount </span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class A Shares</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i82932d3803f54462810baedfc8c44976_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfMi0yLTEtMS0w_560b5cc6-2ec2-40d5-87e0-b8f72eea167d">7,185,987</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i82932d3803f54462810baedfc8c44976_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfMi00LTEtMS0w_81637beb-b920-4702-85ca-36a06d1cbccf">85,794</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class M Shares</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="if44cc210969440ebbb4ebf5ab394de2f_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfMy0yLTEtMS0w_6086aaed-4111-458e-87ad-0f47acfbd075">1,276,355</ix:nonFraction></span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i64100bf5d5e64be48d42da3683739093_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfMy00LTEtMS0w_246e126c-37e1-48c0-9753-f23e0ea98ab0">15,162</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class A-I Shares</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i32aadc12708e43f090ee650ae65c0f9f_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfNC0yLTEtMS0w_6374776a-437d-439c-933f-9a325e01248a">144,404</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32aadc12708e43f090ee650ae65c0f9f_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfNC00LTEtMS0w_8ff23b21-8a04-44aa-b2df-b37d3a322e99">1,722</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class M-I Shares</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i763fdcb480354072ab9d913fec1d33be_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfNS0yLTEtMS0w_8b1ec5a0-b710-4337-8711-cbb7aa1586fb">7,153,475</ix:nonFraction></span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i04a76781d62c40fcace5e493303af586_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfNS00LTEtMS0w_6e3ea1c1-3938-4f53-afb6-98aa3f9102c2">84,772</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class D Shares</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i902fe7d84ff1411dbb245b513d95e445_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfNi0yLTEtMS0w_49eb7553-2abd-484a-9d0f-a800fb171395">2,555,366</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i902fe7d84ff1411dbb245b513d95e445_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfNi00LTEtMS0w_efd77220-43a5-407c-9e75-676fc68fbb54">30,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SaleOfStockConsiderationReceivedOnTransaction" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOmRiYmE5NWFkYjliZTRhYTg4ZGRiYzJhNzRjZjMzMTRmL3RhYmxlcmFuZ2U6ZGJiYTk1YWRiOWJlNGFhODhkZGJjMmE3NGNmMzMxNGZfNy00LTEtMS0w_321e4a90-e0d9-4e79-b86c-384c085871f9">217,450</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><ix:continuation id="i6055a59f0f314736a46e0dd1b7029324" continuedAt="ia9d759d16a654494bbe30fd42c5eb55e"><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Share Repurchase Plan</span></div><div style="margin-bottom:3pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our share repurchase plan allows stockholders, subject to a one-year holding period, with certain exceptions, to request that we repurchase all or a portion of their shares of common stock on a daily basis at that day's NAV per share, limited to <ix:nonFraction unitRef="number" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="INF" name="jllipt:Stockrepurchaselimit" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfMjA0OQ_b140e509-61c6-4260-9dd8-93a567037f1c">5</ix:nonFraction>% of aggregate Company NAV per quarter. For the six months ended June 30, 2021, we repurchased <ix:nonFraction unitRef="shares" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockRepurchasedDuringPeriodShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfMjExNw_ac6d218f-d90e-4286-b6fa-6a509a0c9607">6,964,644</ix:nonFraction> shares of common stock in the amount of $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockRepurchasedDuringPeriodValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfMjE2MA_4bef758f-8102-4dcc-b64a-e1b380647eb0">82,135</ix:nonFraction>. During the six months ended June 30, 2020, we repurchased <ix:nonFraction unitRef="shares" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockRepurchasedDuringPeriodShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfMjE5NA_6d223a7c-5d1d-4a82-b84d-a53269c0dec2">14,715,002</ix:nonFraction> shares of common stock in the amount of $<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockRepurchasedDuringPeriodValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfMjIzNw_b6e2c3f6-6ee4-4d49-9e27-94f40c7eb0be">177,909</ix:nonFraction>. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Distribution Reinvestment Plan</span></div><div style="margin-bottom:10pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to our distribution reinvestment plan, holders of shares of any class of our common stock may elect to have their cash distributions reinvested in additional shares of our common stock at the NAV per share applicable to the class of shares being purchased on the distribution date.  For the six months ended June 30, 2021, we issued <ix:nonFraction unitRef="shares" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesDividendReinvestmentPlan" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNDk0NzgwMjMzMDg3OA_1164f253-fdbb-4d37-adc3-aa3efd8698fc">2,348,551</ix:nonFraction> shares of common stock for $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueDividendReinvestmentPlan" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNDk0NzgwMjMzMDg3MA_c284bf8e-fc9e-4e56-8b16-76746d051c5c">27,998</ix:nonFraction> under the distribution reinvestment plan. For the six months ended June 30, 2020, we issued <ix:nonFraction unitRef="shares" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesDividendReinvestmentPlan" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfMjY4NA_feeeea30-754d-4764-ac15-4cb2aff6613c">3,370,113</ix:nonFraction> shares of common stock for $<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueDividendReinvestmentPlan" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfMjcxNA_7ecb823a-e66b-4d29-a5e2-0ed2be305f2c">40,541</ix:nonFraction> under the distribution reinvestment plan.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Operating Partnership Units</span></div><div style="margin-bottom:10pt;margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the acquisition of Siena Suwanee Town Center, we issued <ix:nonFraction unitRef="shares" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:PartnersCapitalAccountUnitsUnitbasedCompensation" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfMjg2Mg_f17e8ed6-3146-480e-b2f8-d05ee32c3847">1,217,092</ix:nonFraction> OP Units to third parties for a total of $<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueConversionOfUnits" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfMjkwNg_25f534d0-62c8-4b12-b954-692272a6dac0">14,252</ix:nonFraction>.  After a one-year holding period, holders of OP Units generally have the right to cause the operating partnership to redeem all or a portion of their OP Units for, at our sole discretion, shares of our common stock, cash, or a combination of both.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Earnings Per Share</span></div><div style="margin-top:4.34pt;padding-right:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We compute net income per share for Class A, Class M, Class A-I, Class M-I and Class D common stock using the two-class method. Our Advisor may earn a performance fee (see </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_55">Note 9-Related Party Transactions</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">), which may impact the net income of each class of common stock differently. In periods where no performance fee is recognized in our Consolidated Statements of Operations and Comprehensive Income, the net income per share will be the same for each class of common stock.</span></div><div style="margin-top:4.34pt;padding-right:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Basic and diluted net income per share for each class of common stock is computed using the weighted-average number of common shares outstanding during the period for each class of common stock. We have not issued any dilutive or potentially dilutive securities, and thus the basic and diluted net income per share for a given class of common stock is the same for each period presented.</span></div></ix:continuation><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><ix:continuation id="ia9d759d16a654494bbe30fd42c5eb55e" continuedAt="i9160c63dab034f67923883d16be4317a"><div style="margin-top:4.34pt;padding-right:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table sets forth the computation of basic and diluted net income per share for each of our Class A, Class M, Class A-I, Class M-I and Class D common stock:</span></div><div style="margin-top:4.34pt;padding-right:9pt"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="jllipt:ScheduleofEarningsPerShareTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNTg1MA_bda2f36f-a72a-43bd-845a-5975438a20c4" escape="true"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.538%"><tr><td style="width:1.0%"></td><td style="width:46.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.840%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.840%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.840%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.840%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="27" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:27pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Three Months Ended June 30, 2021</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A-I</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M-I</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class D</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic and diluted net loss per share:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Allocation of net loss per share before performance fee</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i82932d3803f54462810baedfc8c44976_D20210401-20210630" decimals="-3" 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Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i32aadc12708e43f090ee650ae65c0f9f_D20210401-20210630" decimals="-3" sign="-" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMy01LTEtMS0w_72297d40-bad8-41e3-b7fd-1eaeb9b00113">201</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 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style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i902fe7d84ff1411dbb245b513d95e445_D20210401-20210630" decimals="-3" sign="-" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMy05LTEtMS0w_66a307c0-ab1a-48fc-8b6b-c66ca7cd2704">157</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Weighted average number of common shares outstanding</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i82932d3803f54462810baedfc8c44976_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNi0xLTEtMS0w_b09cfc0a-cffb-4c77-b880-8ef2cd50d2c5">91,360,963</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i64100bf5d5e64be48d42da3683739093_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNi0zLTEtMS0w_eba134ee-b8e4-445c-98cd-e87c3a9c6bfd">34,932,190</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i32aadc12708e43f090ee650ae65c0f9f_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNi01LTEtMS0w_d5dc3992-1732-4706-a41f-8d9a403bed37">9,625,797</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i04a76781d62c40fcace5e493303af586_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNi03LTEtMS0w_5079ca6d-a09c-4852-9223-94a00b49c2c8">37,694,481</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i902fe7d84ff1411dbb245b513d95e445_D20210401-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNi05LTEtMS0w_1efa6b88-737a-4ae6-86bf-7a2ac31d67e3">7,513,281</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic and diluted net loss per share:</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i82932d3803f54462810baedfc8c44976_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNy0xLTEtMS0w_8c1fe195-64a6-4f43-a906-51d59f4fdd96">0.02</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i64100bf5d5e64be48d42da3683739093_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNy0zLTEtMS0w_ce4061a8-cb24-48c8-82bd-f60f59a76443">0.02</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i32aadc12708e43f090ee650ae65c0f9f_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNy01LTEtMS0w_1c0723af-7199-45dc-8fa7-2196099bc21e">0.02</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i04a76781d62c40fcace5e493303af586_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNy03LTEtMS0w_af992ce3-f9a8-40e7-a61f-b44a5f1dcdd8">0.02</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i902fe7d84ff1411dbb245b513d95e445_D20210401-20210630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfNy05LTEtMS0w_f3ea8078-1219-45f7-b407-a77044527c93">0.02</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="27" style="background-color:#cceeff;padding:2px 1pt;text-align:center;text-indent:27pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Six Months Ended June 30, 2021</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A-I</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M-I</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class D</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic and diluted net income per share:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Allocation of net income per share before performance fee</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5bff40d3bc594da2af72b24cd5cc6418_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTItMS0xLTEtMA_5f429cfc-7b27-4a9c-8b47-99c64b2b4ffb">13,398</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if44cc210969440ebbb4ebf5ab394de2f_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTItMy0xLTEtMA_0b3f5392-cef3-4cbe-84fe-7950e8935e3a">5,187</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e6166068a64416e84502286e3c8ca47_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTItNS0xLTEtMA_9bdb1dad-273e-4ace-9f84-14c2b4a8b0b1">1,424</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i763fdcb480354072ab9d913fec1d33be_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTItNy0xLTEtMA_ffeeeb5e-ab93-454e-8db0-9ac7a884c85a">5,332</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d331a4c8e87427898bbe6b1f1484f3c_D20210101-20210630" decimals="-3" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTItOS0xLTEtMA_c7a506dd-8e55-47f3-8ac4-4c5c7d1f66e0">987</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Weighted average number of common shares outstanding</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i5bff40d3bc594da2af72b24cd5cc6418_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTUtMS0xLTEtMA_2d9d5bd3-f456-47f5-8818-6611367d4548">90,565,959</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="if44cc210969440ebbb4ebf5ab394de2f_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTUtMy0xLTEtMA_99e2fff8-b107-482d-908d-2bf20a4b9672">35,054,212</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i3e6166068a64416e84502286e3c8ca47_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTUtNS0xLTEtMA_6b42405c-72fa-4a56-bf8d-71ffa75cfdc7">9,631,765</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i763fdcb480354072ab9d913fec1d33be_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTUtNy0xLTEtMA_f802c0d6-26db-40c3-baa6-b5ab74c754c3">36,031,214</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i7d331a4c8e87427898bbe6b1f1484f3c_D20210101-20210630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTUtOS0xLTEtMA_0a4a36ed-a054-47f7-881a-3df8b0ef45be">6,680,316</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic and diluted net income per share:</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="if44cc210969440ebbb4ebf5ab394de2f_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTYtMS0xLTEtMA_25d6b9fe-9971-46e7-a814-cee560f2f649"><ix:nonFraction unitRef="usdPerShare" contextRef="i5bff40d3bc594da2af72b24cd5cc6418_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTYtMS0xLTEtMA_d8472233-0bee-4af6-9f93-037f9cf64447">0.15</ix:nonFraction></ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="if44cc210969440ebbb4ebf5ab394de2f_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTYtMy0xLTEtMA_25d6b9fe-9971-46e7-a814-cee560f2f649"><ix:nonFraction unitRef="usdPerShare" contextRef="i5bff40d3bc594da2af72b24cd5cc6418_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTYtMy0xLTEtMA_d8472233-0bee-4af6-9f93-037f9cf64447">0.15</ix:nonFraction></ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i3e6166068a64416e84502286e3c8ca47_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTYtNS0xLTEtMA_7c8b387c-01d1-4a4c-b3f2-fd183deb396f">0.15</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times 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Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i7d331a4c8e87427898bbe6b1f1484f3c_D20210101-20210630" decimals="2" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMTYtOS0xLTEtMA_455aa7c0-6b0d-4c4e-af7c-83532da9f47c">0.15</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="27" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:27pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Three Months Ended June 30, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A-I</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M-I</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class D</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic and diluted net loss per share:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Allocation of net loss per share before performance fee</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if60d7825d4e04896993ee0f175b0fd74_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjEtMS0xLTEtMA_33114c79-5867-4a11-b425-fa08c7ff53eb">4,344</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i206050e4a2c64c1483bb085e636ba333_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjEtMy0xLTEtMA_74e7f729-fa8c-4bd3-8d24-b4bd405d372c">1,760</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib8bb54fe458d41789e291946f2e419a7_D20200401-20200630" decimals="-3" sign="-" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjEtNS0xLTEtMA_1141de3c-f16b-48d6-b8b2-cf1b142d95f7">480</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i240392b5a7204504aef5152f660a7ef1_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjEtNy0xLTEtMA_4806c78b-f192-4e6a-b0c2-47809733cad5">1,381</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i36da82e9a6ff4026a547a22248803169_D20200401-20200630" decimals="-3" sign="-" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjEtOS0xLTEtMA_ad18661b-2064-452e-a9bc-1ecc1a2da659">239</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Weighted average number of common shares outstanding</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="if60d7825d4e04896993ee0f175b0fd74_D20200401-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjQtMS0xLTEtMA_8707a453-4d97-4c9d-9d6d-6b4acb29ae14">90,076,114</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i206050e4a2c64c1483bb085e636ba333_D20200401-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjQtMy0xLTEtMA_e6f919b9-457f-439b-a558-2cd5ffed7fb9">36,489,588</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="ib8bb54fe458d41789e291946f2e419a7_D20200401-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjQtNS0xLTEtMA_eeb3edb8-9b14-4f46-a2cc-d176848ec52e">9,958,587</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i240392b5a7204504aef5152f660a7ef1_D20200401-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjQtNy0xLTEtMA_620ec80f-d580-466c-a17c-8f4b956f9486">28,621,235</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i36da82e9a6ff4026a547a22248803169_D20200401-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjQtOS0xLTEtMA_1ad433cc-258a-499f-8bbe-cf42a5cacbc4">4,927,915</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic and diluted net loss per share:</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="if60d7825d4e04896993ee0f175b0fd74_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjUtMS0xLTEtMA_05dcf111-73c2-4e6b-9675-8665f8907ab6">0.05</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i206050e4a2c64c1483bb085e636ba333_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjUtMy0xLTEtMA_f2d523ce-4aa8-49ef-983e-e64105513dfb">0.05</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="ib8bb54fe458d41789e291946f2e419a7_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjUtNS0xLTEtMA_16c28848-0b9f-456b-9555-878a223caa5a">0.05</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i240392b5a7204504aef5152f660a7ef1_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjUtNy0xLTEtMA_511eee72-9196-469b-a41d-ea817aff6f2e">0.05</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i36da82e9a6ff4026a547a22248803169_D20200401-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMjUtOS0xLTEtMA_ad48ad2c-88b0-4c31-975d-8b3ad08cfda4">0.05</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="27" style="background-color:#cceeff;padding:2px 1pt;text-align:center;text-indent:27pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Six Months ended June 30, 2020</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A-I</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M-I</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class D</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic and diluted net loss per share:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Allocation of net loss per share before performance fee</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia59664acb7e64cc4a3206dfd0a3681b2_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzAtMS0xLTEtMA_27ae6522-17d0-4023-adb8-754a41719595">14,187</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id90078c66bf749c081183c56d32ec07d_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzAtMy0xLTEtMA_3049bb14-1d08-4fd0-8020-d55308ce1aa3">5,878</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2e8b37bb5cef4c73b8c96828abd46a31_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzAtNS0xLTEtMA_fbabc946-0a3f-41da-8432-bdffc5d4086a">1,643</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i079c57c6a56140a09dfb427bdac0cb39_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzAtNy0xLTEtMA_8ca21f08-903b-4c7f-b098-2dbf62e20541">4,272</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i59514ead30a04cc0939fb7878a7c82be_D20200101-20200630" decimals="-3" sign="-" name="jllipt:NetIncomebeforeperformancefee" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzAtOS0xLTEtMA_b914b7f9-f402-4622-8c5e-5d0a1e43a7ca">773</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Weighted average number of common shares outstanding</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="ia59664acb7e64cc4a3206dfd0a3681b2_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzMtMS0xLTEtMA_e6f97fb4-03cb-4396-9909-b40f32f96dfe">90,903,509</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="id90078c66bf749c081183c56d32ec07d_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzMtMy0xLTEtMA_90fb5677-448d-4d89-ba0b-c0ec54a2c21b">37,668,688</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i2e8b37bb5cef4c73b8c96828abd46a31_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzMtNS0xLTEtMA_19410423-d1ff-4992-8b7e-2de66d3c91f9">10,520,723</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i079c57c6a56140a09dfb427bdac0cb39_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzMtNy0xLTEtMA_3e688606-2086-4941-8d62-77e10423079e">27,373,005</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i59514ead30a04cc0939fb7878a7c82be_D20200101-20200630" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzMtOS0xLTEtMA_baed74bd-b803-4e67-a604-15d745ccef68">4,927,915</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic and diluted net loss per share:</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="ia59664acb7e64cc4a3206dfd0a3681b2_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzQtMS0xLTEtMA_2b655232-7927-419e-88ec-1ee22657a59d">0.16</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="id90078c66bf749c081183c56d32ec07d_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzQtMy0xLTEtMA_aa85fb82-0d2f-42df-8e2d-df52d1d879d8">0.16</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i2e8b37bb5cef4c73b8c96828abd46a31_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzQtNS0xLTEtMA_8193b349-66ce-414e-a98b-cc016fc2e91f">0.16</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i079c57c6a56140a09dfb427bdac0cb39_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzQtNy0xLTEtMA_dbfdff24-1481-4bf2-9fed-e93a1c48945e">0.16</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i59514ead30a04cc0939fb7878a7c82be_D20200101-20200630" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RhYmxlOjY2NzcyODgyMWFhZTQ0MWM5NGQzOWM0MzllMzhlYjZjL3RhYmxlcmFuZ2U6NjY3NzI4ODIxYWFlNDQxYzk0ZDM5YzQzOWUzOGViNmNfMzQtOS0xLTEtMA_d7fdb0c4-f588-464b-b576-0fca26da3dd2">0.16</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></ix:nonNumeric></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Organization and Offering Costs</span></div></ix:continuation><div style="margin-bottom:3pt;margin-top:4.45pt;padding-right:2.25pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i9160c63dab034f67923883d16be4317a">Organization and offering costs include, but are not limited to, legal, accounting, printing fees and personnel costs of our Advisor attributable to our organization, preparation of the registration statement, registration and qualification of our common stock for sale with the SEC, or in a private placement, and in the various states and filing fees incurred by our Advisor. LaSalle agreed to fund our organization and offering expenses for the Second Extended Public Offering until July 6, 2018, the day the registration statement was declared effective by the SEC, following which time we commenced reimbursing LaSalle over <ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" format="ixt-sec:durmonth" name="jllipt:OrganizationAndOfferingExpensesReimbursementPeriod" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNDkxNA_b5ab9409-8389-431b-94f4-f4a0a3e942cc">36</ix:nonNumeric> months.  Following the Second Extended Public Offering commencement date, we began paying directly or reimbursing LaSalle if it pays on our behalf any organization and offering costs incurred during the Second Extended Public Offering period (other than selling commissions and dealer manager fees) as and when incurred. After the termination of the Second Extended Public Offering, LaSalle has agreed to reimburse us to the extent that the organization and offering costs that we incur exceed <ix:nonFraction unitRef="number" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="INF" name="jllipt:CalculationOfReimbursedOfferingExpensesAsSpecifiedPercentageOfGrossProceeds" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNTQxMQ_59ba2c29-cdd3-4036-a2de-3cabdcd972b0">15</ix:nonFraction>% of our gross proceeds from the Second Extended Public Offering. Organization costs are expensed, whereas offering costs are recorded as a reduction of capital in excess of par value. As of June&#160;30, 2021 and December&#160;31, 2020, LaSalle had paid $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ReimbursementOfOrganizationAndOfferingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNTYzMQ_a614b1ee-211b-4c5c-b1b6-2f0261d10b50">1,535</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="ice6549a7007a43248978a383493f3bbd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ReimbursementOfOrganizationAndOfferingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80Ni9mcmFnOjY1Y2M0ZDczYTI0NjQ0NDE5NzM5NDEwMjkwNDAyYWY2L3RleHRyZWdpb246NjVjYzRkNzNhMjQ2NDQ0MTk3Mzk0MTAyOTA0MDJhZjZfNTYzOA_834aab49-f6e1-46fc-a0c4-22a7856f1585">1,138</ix:nonFraction>, respectively, of organization and offering costs on our behalf which we had not yet reimbursed. These costs are included in accrued offering costs on the Consolidated Balance Sheets.</ix:continuation>  </span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_49"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80OS9mcmFnOjVjZGMwNDU4NGZkNDQyM2M4YTc2ZTBmYzM0ZWM1ZDk4L3RleHRyZWdpb246NWNkYzA0NTg0ZmQ0NDIzYzhhNzZlMGZjMzRlYzVkOThfMjkzOA_6bb1dba7-0c98-4145-877c-8181386294d4" continuedAt="id298cf47174643a4a82be21ce28e4c89" escape="true"><div style="margin-top:14pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 7&#8212;DST PROGRAM</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 16, 2019, we, through our operating partnership, initiated the DST Program to raise up to $<ix:nonFraction unitRef="usd" contextRef="i7cf1e3ef47ca4de6a2ece742655cf558_D20191016-20191016" decimals="-3" format="ixt:numdotdecimal" name="jllipt:CommonstockvalueauthorizedduringDSToffering" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80OS9mcmFnOjVjZGMwNDU4NGZkNDQyM2M4YTc2ZTBmYzM0ZWM1ZDk4L3RleHRyZWdpb246NWNkYzA0NTg0ZmQ0NDIzYzhhNzZlMGZjMzRlYzVkOThfMTI2_54844049-464a-4611-9cac-dce8c967a2a4">500,000</ix:nonFraction> in private placements through the sale of beneficial interests in specific Delaware statutory trusts (&#8220;DST&#8221;) holding DST Properties, which may be sourced from our existing portfolio or from newly acquired properties sourced from third parties. Each DST Property will be leased back by a wholly owned subsidiary of our operating partnership on a long-term basis of up to ten years pursuant to a master lease agreement. The master lease agreements are expected to be guaranteed by our operating partnership. As compensation for the master lease guarantee, our operating partnership will retain a fair market value purchase option giving it the right, but not the obligation, to acquire the beneficial interests in the DST from the investors at any time after two years from the closing of the applicable DST offering in exchange for OP Units or cash, at our discretion.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The sale of beneficial interests in the DST Property will be accounted for as a failed sale-leaseback transaction due to the fair market value purchase option retained by the operating partnership and as such, the property will remain on our books and records.  The proceeds received from each DST offering will be accounted for as a financing obligation on the Consolidated Balance Sheets. Upfront costs for legal work and debt placement costs for the DST totaling $<ix:nonFraction unitRef="usd" contextRef="i544a0cbc11044b07a4675ff0b8c4af27_I20210630" decimals="-3" name="us-gaap:DeferredCostsCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80OS9mcmFnOjVjZGMwNDU4NGZkNDQyM2M4YTc2ZTBmYzM0ZWM1ZDk4L3RleHRyZWdpb246NWNkYzA0NTg0ZmQ0NDIzYzhhNzZlMGZjMzRlYzVkOThfMTQ3Mg_81c3b310-01bb-46d4-97de-d2dfe367899f">267</ix:nonFraction> are accounted for as deferred loan costs and are netted against the financing obligation. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the master lease, we are responsible for subleasing the DST Property to tenants, for covering all costs associated with operating the underlying DST Property, and for paying base rent to the DST that owns such property. For financial reporting purposes (and not for income tax purposes), the DST Properties are included in our consolidated financial statements, with the master lease rent payments accounted for using the interest method whereby a portion is accounted for as interest expense and a portion is accounted for as a reduction of the outstanding principal balance of the financing obligation.  Upon the determination that it is probable that we will exercise the fair market value purchase option, we will recognize additional interest expense or interest income to the financing obligation to account for the difference between the fair value of the property and the outstanding liabilities.  For financial reporting purposes, the rental revenues and rental expenses associated with the underlying property of each master lease are included in the respective line items on our Consolidated Statements of Operations and Comprehensive Income. The net amount we receive from the underlying DST Properties may be more or less than the amount we pay to the investors in the specific DST and could fluctuate over time.</span></div></ix:nonNumeric><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="id298cf47174643a4a82be21ce28e4c89">As of June 30, 2021, we have sold approximately $<ix:nonFraction unitRef="usd" contextRef="ic94140868e89445ebcabe7dbd2ee5275_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CommonStockValueOutstanding" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV80OS9mcmFnOjVjZGMwNDU4NGZkNDQyM2M4YTc2ZTBmYzM0ZWM1ZDk4L3RleHRyZWdpb246NWNkYzA0NTg0ZmQ0NDIzYzhhNzZlMGZjMzRlYzVkOThfMjYyOQ_80ac2108-9d3d-4abd-b2c4-f61d7495f6fa">284,922</ix:nonFraction> in interests related to the DST Program.</ix:continuation> As of June 30, 2021, the following properties are included in our DST Program:</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">The Reserve at Johns Creek,</span></div><div style="padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">Summit at San Marcos,</span></div><div style="padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">Mason Mill Distribution Center,</span></div><div style="padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">San Juan Medical Center,</span></div><div style="padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">The Penfield,</span></div><div style="padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">Milford Crossing,</span></div><div style="padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">Villas at Legacy,</span></div><div style="padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">Montecito Marketplace,</span></div><div style="padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">Whitestown Distribution Center, and</span></div><div style="padding-left:36pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28pt">Louisville Airport Distribution Center.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_52"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 8&#8212;RENTALS UNDER OPERATING LEASES</span></div><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:LeasesOfLesseeDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81Mi9mcmFnOmNlMTRjOGY1Y2NiMjQ5N2U5OWYwMGU4NjkwZmM3OGUyL3RleHRyZWdpb246Y2UxNGM4ZjVjY2IyNDk3ZTk5ZjAwZTg2OTBmYzc4ZTJfNDY2_3a03a8f2-ed89-4c35-abff-6c0941c5c4c7" continuedAt="icc6e76021aba4a92be9980034c5aeee6" escape="true"><ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:ScheduleOfPropertySubjectToOrAvailableForOperatingLeaseTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81Mi9mcmFnOmNlMTRjOGY1Y2NiMjQ5N2U5OWYwMGU4NjkwZmM3OGUyL3RleHRyZWdpb246Y2UxNGM4ZjVjY2IyNDk3ZTk5ZjAwZTg2OTBmYzc4ZTJfNDY3_06bf522d-c530-4a5a-b25d-c2ff9a688379" escape="true"><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We receive rental income from operating leases. The minimum future rentals from consolidated properties based on operating leases in place at June&#160;30, 2021 are as follows:</span></div><div style="margin-top:10pt;text-align:center;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:44.444%"><tr><td style="width:1.0%"></td><td style="width:56.794%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.362%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Amount&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81Mi9mcmFnOmNlMTRjOGY1Y2NiMjQ5N2U5OWYwMGU4NjkwZmM3OGUyL3RhYmxlOmYyNzUzNTZjMTVlNDQwNjRiY2JmNGQzYmZjMmI2NjJhL3RhYmxlcmFuZ2U6ZjI3NTM1NmMxNWU0NDA2NGJjYmY0ZDNiZmMyYjY2MmFfMy0yLTEtMS0w_4a300499-6864-4583-8761-114555e4bab5">110,755</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81Mi9mcmFnOmNlMTRjOGY1Y2NiMjQ5N2U5OWYwMGU4NjkwZmM3OGUyL3RhYmxlOmYyNzUzNTZjMTVlNDQwNjRiY2JmNGQzYmZjMmI2NjJhL3RhYmxlcmFuZ2U6ZjI3NTM1NmMxNWU0NDA2NGJjYmY0ZDNiZmMyYjY2MmFfNC0yLTEtMS0w_7be8106c-e852-422e-a2bd-05a3372207f9">94,432</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81Mi9mcmFnOmNlMTRjOGY1Y2NiMjQ5N2U5OWYwMGU4NjkwZmM3OGUyL3RhYmxlOmYyNzUzNTZjMTVlNDQwNjRiY2JmNGQzYmZjMmI2NjJhL3RhYmxlcmFuZ2U6ZjI3NTM1NmMxNWU0NDA2NGJjYmY0ZDNiZmMyYjY2MmFfNS0yLTEtMS0w_f6098013-f249-47de-b4c9-2e5b275599b4">84,245</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesFutureMinimumPaymentsReceivableThereafter" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81Mi9mcmFnOmNlMTRjOGY1Y2NiMjQ5N2U5OWYwMGU4NjkwZmM3OGUyL3RhYmxlOmYyNzUzNTZjMTVlNDQwNjRiY2JmNGQzYmZjMmI2NjJhL3RhYmxlcmFuZ2U6ZjI3NTM1NmMxNWU0NDA2NGJjYmY0ZDNiZmMyYjY2MmFfNi0yLTEtMS0w_99ac0294-b0ee-4d7b-8bb7-a7f10f07cc3d">292,010</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if614ad7360754e53b35134f794677b88_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesFutureMinimumPaymentsReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81Mi9mcmFnOmNlMTRjOGY1Y2NiMjQ5N2U5OWYwMGU4NjkwZmM3OGUyL3RhYmxlOmYyNzUzNTZjMTVlNDQwNjRiY2JmNGQzYmZjMmI2NjJhL3RhYmxlcmFuZ2U6ZjI3NTM1NmMxNWU0NDA2NGJjYmY0ZDNiZmMyYjY2MmFfNy0yLTEtMS0w_fc45e55b-7fa1-415c-906f-2abda2944983">799,119</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric></ix:nonNumeric><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="icc6e76021aba4a92be9980034c5aeee6">&#160;Minimum future rentals do not include amounts payable by certain tenants based upon a percentage of their gross sales or as reimbursement of property operating expenses. During the three and six months ended June 30, 2021, no individual tenant accounted for greater than 10% of minimum base rents.</ix:continuation> </span></div><div id="ie5281456beca4763989f9512c5f26319_55"></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 9&#8212;<ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:RelatedPartyTransactionsDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfNDM2OQ_1ae145a5-74f3-464f-a989-795cc129de44" continuedAt="i42ac25c6189e41d396e1d9fbb6d352ca" escape="true">RELATED PARTY TRANSACTIONS</ix:nonNumeric></span></div><ix:continuation id="i42ac25c6189e41d396e1d9fbb6d352ca" continuedAt="i5371b9de4b994ffc8df4dde7c2ed68b1"><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to our Advisory Agreement with LaSalle, we pay a fixed advisory fee of <ix:nonFraction unitRef="number" contextRef="i90661c244c13402dbc4c4daa79a5d1e8_D20210101-20210630" decimals="INF" name="jllipt:ManagementAndAdvisoryFeePercentageOnNetAssetValue" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTE5_b5890c41-c8ca-4988-b07e-f9c3db3bc0f0">1.25</ix:nonFraction>% of our NAV calculated daily.  The Advisory Agreement allows for a performance fee to be earned for each share class based on the total return of that share class during the calendar year.  The performance fee is calculated as <ix:nonFraction unitRef="number" contextRef="i6745a6927e5e4706961655b19b4d3da5_D20210101-20210630" decimals="INF" name="jllipt:ManagementAndAdvisoryFeePercentageOnNetAssetValue" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMzQ4_e74241a1-965e-44f9-9272-f4a83ec7036f">10</ix:nonFraction>% of the return in excess of <ix:nonFraction unitRef="number" contextRef="i43b1472356824c16b639af43733db4bd_D20210101-20210630" decimals="INF" name="jllipt:ManagementAndAdvisoryFeePercentageOnNetAssetValue" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMzc4_6846e4cd-60ec-4707-9838-1266503579f7">7</ix:nonFraction>% per annum.  The term of our Advisory Agreement expires June 5, 2022, subject to an unlimited number of successive one year renewals. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fixed advisory fees for the three and six months ended June 30, 2021 were $<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestExpenseInvestmentAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfNTUx_370b4234-3f37-42b8-a597-32ee178bc029">6,749</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestExpenseInvestmentAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjEyMg_e4f31f8a-f9bc-4674-be18-16a655e27280">13,074</ix:nonFraction>, respectively. The fixed advisory fees for the three and six months ended June 30, 2020 were $<ix:nonFraction unitRef="usd" contextRef="id97f58b2939e4026b289c429c666a101_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:FixedPortionsOfManagementAndAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjEyOQ_e1f1646d-1fda-499e-95fe-ae7a0b448a0e">6,279</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i1b60ef6adc6c40cda39b9e951ebfdf67_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:FixedPortionsOfManagementAndAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjEzNA_25c8374b-bc90-4843-9d97-05b26f749786">12,857</ix:nonFraction>, respectively. There were <ix:nonFraction unitRef="usd" contextRef="i0700a89b50a041dabb7b164cd744ce57_I20210630" decimals="-3" format="ixt-sec:numwordsen" name="jllipt:ManagerAndAdvisoryFeesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfNTg3_20332a87-8a75-49d5-9301-96397779de81">no</ix:nonFraction> performance fees for the six months ended June 30, 2021 and 2020. Included in Advisor fees payable at June&#160;30, 2021 was $<ix:nonFraction unitRef="usd" contextRef="i901942421ae6404795aca2fa35df4779_I20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ManagerAndAdvisoryFeesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfNjYy_b9cc704c-5087-470b-8c30-4b47fb1d568b">2,270</ix:nonFraction> of fixed advisory fee expense. Included in Advisor fees payable for the year ended December&#160;31, 2020 was $<ix:nonFraction unitRef="usd" contextRef="i744ca36cbfd141db9195c477ca1be64c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ManagerAndAdvisoryFeesPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfNzU1_d8533089-f7b8-43f9-9195-ac487d6da2d2">2,122</ix:nonFraction> of fixed advisory fee expense.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We pay Jones Lang LaSalle Americas, Inc. (&#8220;JLL Americas&#8221;), an affiliate of our Advisor, for property management, construction management, leasing, mortgage brokerage and sales brokerage services performed at various properties we own. For the three and six months ended June 30, 2021, we paid JLL Americas $<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="jllipt:RelatedPartyPropertyManagementServicesExpensePaid" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTA1Nw_73b5e9e0-3421-44a1-b6d8-dff9099bef07">240</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="jllipt:RelatedPartyPropertyManagementServicesExpensePaid" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjE0NA_cfd69216-e39c-4aa0-aff4-3b31cb420ebc">479</ix:nonFraction>, respectively, for property management and leasing services. For the three and six months ended June 30, 2020, we paid JLL Americas $<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" name="jllipt:RelatedPartyPropertyManagementServicesExpensePaid" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjI2Mw_5d6a3698-a465-45fd-8283-ac1cc8e1de17">214</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="jllipt:RelatedPartyPropertyManagementServicesExpensePaid" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjI2OA_bb446b23-e01d-4ddf-8f89-a968b4c3461b">402</ix:nonFraction>, respectively, for property management and leasing services During the three and six months ended June 30, 2021, we paid JLL Americas $<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="us-gaap:PaymentsForBrokerageFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTE2NA_8b6b08bb-b237-49f7-ac9a-27d6362c9b2f">209</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="us-gaap:PaymentsForBrokerageFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjMyMg_4b06bc91-df17-46fe-9635-5dece6e5f0a0">371</ix:nonFraction>, respectively in mortgage brokerage fees related to the mortgage notes payable for Louisville Airport Distribution Center and Townlake of Coppell.  During the three and six months ended June 30, 2020, we paid JLL Americas $<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" name="us-gaap:PaymentsForBrokerageFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTI5Mg_76100cdd-ce90-4d10-a5e6-660b664bbbef">0</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" name="us-gaap:PaymentsForBrokerageFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjM1OA_d8cd75ac-00c3-4db8-926e-db93746cef62">75</ix:nonFraction>, respectively, in sales brokerage fees. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We pay the Dealer Manager selling commissions and dealer manager fees in connection with our offerings. For the three and six months ended June 30, 2021, we paid the Dealer Manager selling commissions and dealer manager fees totaling $<ix:nonFraction unitRef="usd" contextRef="i1a29eb6d55bc47bb8b6ace51b5cb7e82_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTUxNw_f8adda23-482c-4013-b69e-9afd08442ceb">2,938</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="id4dc7babcd0841d18b150397854273b9_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjM2Nw_263985ef-375f-4c2b-adf5-4879f5fc8721">5,552</ix:nonFraction>, respectively. For the three and six months ended June 30, 2020, we paid the Dealer Manager selling commissions and dealer manager fees totaling $<ix:nonFraction unitRef="usd" contextRef="i753f6322b1fd48eda9d893999248b402_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjQ5OQ_de75be72-85b9-41af-9296-134a479651f0">2,588</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i9a604798190748138e77cf58873c9f35_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjUwNQ_c3f405fe-49b1-4bfc-8140-5c00f01e380b">6,178</ix:nonFraction>, respectively.  A majority of the selling commissions and dealer manager fees are reallowed to participating broker-dealers.  Included in accrued offering costs, at June&#160;30, 2021 and December&#160;31, 2020, were $<ix:nonFraction unitRef="usd" contextRef="i81deb0cca68b471f91bc2ca527c59977_I20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:AccruedOfferingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTcwOA_67df6ea3-9a66-48b2-94a3-e6ee42de75bb">114,498</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="ia7568ec5c66d4d9cbf89c32183548604_I20201231" decimals="-3" format="ixt:numdotdecimal" name="jllipt:AccruedOfferingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTcxNQ_7cad63c4-2091-4ec8-b04a-fa5f31a8271f">105,770</ix:nonFraction> of future dealer manager fees payable, respectively. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June&#160;30, 2021 and December&#160;31, 2020, we owed $<ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ReimbursementOfOrganizationAndOfferingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTc5Nw_a614b1ee-211b-4c5c-b1b6-2f0261d10b50">1,535</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="ice6549a7007a43248978a383493f3bbd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="jllipt:ReimbursementOfOrganizationAndOfferingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTgwNA_834aab49-f6e1-46fc-a0c4-22a7856f1585">1,138</ix:nonFraction>, respectively, for organization and offering costs paid by LaSalle (see </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="#ie5281456beca4763989f9512c5f26319_46">Note 6-Common Stock</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">). These costs are included in accrued offering costs. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LaSalle Investment Management Distributors, LLC also serves as the dealer manager for the DST Program on a &#8220;best efforts&#8221; basis. Our taxable REIT subsidiary, which is a wholly owned subsidiary of our operating partnership, will pay the Dealer Manager upfront selling commissions, upfront dealer manager fees and placement fees of up to <ix:nonFraction unitRef="rate" contextRef="ic536d4e4f9ff4e9380c4a06f2011b021_D20210101-20210630" decimals="INF" name="jllipt:DSTProgramSellingCommissions" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjI5MA_d9cc5394-076c-4129-8015-c0747987f6bd">5.0</ix:nonFraction>%, <ix:nonFraction unitRef="rate" contextRef="ic536d4e4f9ff4e9380c4a06f2011b021_D20210101-20210630" decimals="INF" name="jllipt:DSTProgramDealerManagerFee" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjI5NA_66481d55-27b1-42d2-9d2a-4bd7a615de23">1.0</ix:nonFraction>% and <ix:nonFraction unitRef="rate" contextRef="ic536d4e4f9ff4e9380c4a06f2011b021_D20210101-20210630" decimals="INF" name="jllipt:DSTProgramPlacementFees" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjMwMQ_97f3e111-b783-4f13-aa77-8dfce39e6f3f">1.0</ix:nonFraction>%, respectively, of the gross purchase price per unit of beneficial interest sold in the DST Program. All upfront selling commissions and upfront dealer manager fees are reallowed to participating broker-dealers.  For the three and six months ended June 30, 2021, the taxable REIT subsidiary paid $<ix:nonFraction unitRef="usd" contextRef="id059b048af284aedbbc710fe3389e4a9_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjU2MQ_c3156bf9-aad8-4024-8bee-73ffabad2945">1,715</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="ie3388845006b4d019b8a4fdbca32a49f_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMTY0OTI2NzQ0NjUyOA_c90c2a65-6771-4f51-8d1b-a755378fbdb1">2,742</ix:nonFraction>, respectively, to the Dealer Manager. For the three and six months ended June 30, 2020, the taxable REIT subsidiary paid $<ix:nonFraction unitRef="usd" contextRef="i22fdc088015d43b48ddf330c9007a991_D20200401-20200630" decimals="-3" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjc0ODc3OTA3NDQyNA_380a2489-b8b5-49f5-9166-de64c2125ea8">249</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i1f03ed707e9e49eaa6773b98adfe586e_D20200101-20200630" decimals="-3" name="us-gaap:PaymentsOfStockIssuanceCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjc0ODc3OTA3NDQzMA_47c7483b-c180-4428-b95c-9f4e2213cf19">912</ix:nonFraction>, respectively, to the Dealer Manager. In addition, the Dealer Manager may receive an ongoing investor servicing fee that is calculated daily on a continuous basis from year to year equal to 1/365th&#160;of (a) 0.25% of the total equity of each outstanding unit of beneficial interest for such day, payable by the </span></div></ix:continuation><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i5371b9de4b994ffc8df4dde7c2ed68b1" continuedAt="i9fab04d2f89c42c7a25734a5f28f6947">Delaware statutory trusts; (b) 0.85% of the NAV of each outstanding Class A OP Unit, 0.30% of the NAV of each outstanding Class M OP Unit or 0.30% of the NAV of each outstanding Class A-I OP Unit for such day issued in connection with our operating partnership's fair market value purchase option, payable by our operating partnership; and (c) 0.85% of the NAV of each outstanding Class A share, 0.30% of the NAV of each outstanding Class M share or 0.30% of the NAV of each outstanding Class A-I share for such day issued in connection with the investors' redemption right, payable by us. The investor servicing fee may continue for so long as the investor in the DST Program holds beneficial interests, Class A, Class M and Class A-I OP Units or Class A, Class M and Class A-I shares that were issued in connection with the DST Program. No investor servicing fee will be paid on Class M-I OP Units or Class M-I shares.  For the three and six months ended June 30, 2021, the Delaware statutory trusts paid $<ix:nonFraction unitRef="usd" contextRef="id059b048af284aedbbc710fe3389e4a9_D20210401-20210630" decimals="-3" name="jllipt:DSTInvestorServicingFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMzkyOQ_63aa757f-61c3-426f-b9ea-6cc12310f889">178</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="ie3388845006b4d019b8a4fdbca32a49f_D20210101-20210630" decimals="-3" name="jllipt:DSTInvestorServicingFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjc0ODc3OTA3NDYyMQ_9969f515-46a1-4f69-a82c-f26fda4f1b30">305</ix:nonFraction> in investor servicing fees to the Dealer Manager in connection with the DST Program.  For the three and six months ended June 30, 2020, the Delaware statutory trusts paid $<ix:nonFraction unitRef="usd" contextRef="i22fdc088015d43b48ddf330c9007a991_D20200401-20200630" decimals="-3" name="jllipt:DSTInvestorServicingFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjc0ODc3OTA3NDYyOA_c8bb85da-eddb-4dd0-9988-25f681abd6b4">14</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i1f03ed707e9e49eaa6773b98adfe586e_D20200101-20200630" decimals="-3" name="jllipt:DSTInvestorServicingFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjc0ODc3OTA3NDYzMw_59002106-1adc-4885-b8a3-01c066d506ef">18</ix:nonFraction>, respectively, in investor servicing fees to the Dealer Manager in connection with the DST program.</ix:continuation></span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i9fab04d2f89c42c7a25734a5f28f6947">LaSalle also serves as the manager for the DST Program. Each Delaware statutory trust pays the manager a management fee equal to a to-be-agreed upon percentage of the total equity of such Delaware statutory trust. For the three and six months ended June 30, 2021, the Delaware statutory trusts paid $<ix:nonFraction unitRef="usd" contextRef="id059b048af284aedbbc710fe3389e4a9_D20210401-20210630" decimals="-3" name="jllipt:DSTAdvisorFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfNDI5MA_c0b2e0c0-090c-4011-82cc-dc51dc337db9">107</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="ie3388845006b4d019b8a4fdbca32a49f_D20210101-20210630" decimals="-3" name="jllipt:DSTAdvisorFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjc0ODc3OTA3NDY0Mg_2a0a5f78-d22a-4dd2-a69b-978e44bb9a84">183</ix:nonFraction> , respectively, in management fees to our Advisor in connection with the DST Program.</ix:continuation> For the three and six months ended June 30, 2020, the Delaware statutory trusts paid $<ix:nonFraction unitRef="usd" contextRef="i22fdc088015d43b48ddf330c9007a991_D20200401-20200630" decimals="-3" name="jllipt:DSTAdvisorFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjc0ODc3OTA3NDcwNg_f10b44d1-2c20-4e15-93cf-22f08a8ff717">8</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i1f03ed707e9e49eaa6773b98adfe586e_D20200101-20200630" decimals="-3" name="jllipt:DSTAdvisorFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81NS9mcmFnOjU0NWRlYzJmNWFlMzQ5MjY4MTc3YTY0YjI4MmJjY2IwL3RleHRyZWdpb246NTQ1ZGVjMmY1YWUzNDkyNjgxNzdhNjRiMjgyYmNjYjBfMjc0ODc3OTA3NDcxNA_9f218f67-c2d5-4e57-9e3b-d50c375e976a">10</ix:nonFraction>, respectively, in management fees to our Advisor in connection with the DST Program.</span></div><div id="ie5281456beca4763989f9512c5f26319_58"></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 10&#8212;<ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:CommitmentsAndContingenciesDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81OC9mcmFnOmUxYzdiYzI2OGFiNjQ5ZmVhOGJmNjg2MmQ5OGZlM2EzL3RleHRyZWdpb246ZTFjN2JjMjY4YWI2NDlmZWE4YmY2ODYyZDk4ZmUzYTNfMTQ4NA_7dbdbdd3-a551-4893-a779-7d3da176388b" continuedAt="icd42550149a84811aecf3d75fcaf0c81" escape="true">COMMITMENTS AND CONTINGENCIES</ix:nonNumeric></span></div><ix:continuation id="icd42550149a84811aecf3d75fcaf0c81" continuedAt="idbcfbc51213f431fb9fa35792943eb3a"><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are involved in various claims and litigation matters arising in the ordinary course of business, some of which involve claims for damages. Many of these matters are covered by insurance, although they may nevertheless be subject to deductibles or retentions. Although the ultimate liability for these matters cannot be determined, based upon information currently available, we believe the ultimate resolution of such claims and litigation will not have a material adverse effect on our financial position, results of operations or liquidity.</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, we have entered into contingent agreements for the acquisition and financing of properties.  Such acquisitions and financings are subject to satisfactory completion of due diligence or meeting certain leasing or occupancy thresholds.  </span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to fixed ground lease payments on South Beach Parking Garage of $<ix:nonFraction unitRef="usd" contextRef="i7c1946d1f18e448895a1233ee9358422_D20210101-20210630" decimals="-3" name="us-gaap:PaymentsForRent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV81OC9mcmFnOmUxYzdiYzI2OGFiNjQ5ZmVhOGJmNjg2MmQ5OGZlM2EzL3RleHRyZWdpb246ZTFjN2JjMjY4YWI2NDlmZWE4YmY2ODYyZDk4ZmUzYTNfOTI0_3a4767d4-a673-4ce3-82ee-9e5c71a569fa">100</ix:nonFraction> per year until September 30, 2021, which will increase every five years thereafter by the lesser of 12% or the cumulative CPI over the previous five year period.  We are also subject to a variable ground lease payment calculated as 2.5% of revenue.  The lease expires September 30, 2041 and has a ten-year renewal option.</span></div></ix:continuation><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="idbcfbc51213f431fb9fa35792943eb3a">The operating agreement for Presley Uptown allows the unrelated third party joint venture partner, owning a 2.5% interest, to put its interest to us at a market determined value starting September 30, 2022 until September 30, 2024.</ix:continuation> </span></div><div id="ie5281456beca4763989f9512c5f26319_61"></div><div style="margin-top:14pt;text-indent:27pt"><span><br/></span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><ix:nonNumeric contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" name="us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RleHRyZWdpb246NDNhOTk0N2RlYjY4NDgzOTk5MzVjN2M1OGMyMzJlYWFfMzgy_38e31d56-e976-49b1-ab8b-a89c9fd882b5" continuedAt="i30f1478a0ccd49a7b6e86951b8c5249f" escape="true"><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 11&#8212;<ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:SegmentReportingDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RleHRyZWdpb246NDNhOTk0N2RlYjY4NDgzOTk5MzVjN2M1OGMyMzJlYWFfMzgx_46edb4f0-4b60-4297-a9ca-aad982e8d544" continuedAt="ic9d9d98ca7ff45e6bf6f544737c116ba" escape="true">SEGMENT REPORTING </ix:nonNumeric></span></div><ix:continuation id="ic9d9d98ca7ff45e6bf6f544737c116ba" continuedAt="if88d0aa13e7d48898562356995a9d4f3"><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have five reportable operating segments: apartment, industrial, office, retail and other properties. Consistent with how our chief operating decision makers evaluate performance and manage our properties, the financial information summarized below is presented by operating segment and reconciled to net income for the three and six months ended June 30, 2021 and 2020.</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:38.694%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.857%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.710%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.710%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.092%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;Apartment</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;Industrial</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;Office</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;Retail</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Other</span></div></td><td 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colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic35a8791d9d94847abcf6d28d043f776_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMS01LTEtMS0w_c3083f2d-c25a-47db-9bf4-d274d9830d61">333,190</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if285e10a396142b2b28fc516be611771_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMS03LTEtMS0w_9b6862d1-69c2-40e2-aae1-a252d42ae874">571,639</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibb55c611dc6945dda1d686769401cd67_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMS05LTEtMS0w_4f01906c-d85f-4d01-a9ed-69fe16cdac02">22,752</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i08c28f69759f44dfbcf4ef8ee0db2e72_I20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMS0xMS0xLTEtMA_2ccae4cf-cca0-4d6b-8e3c-7c05b78803d4">2,620,566</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets as of December 31, 2020</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 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colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital expenditures by segment</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i93c394c6b72142488693e01b2d9ec31e_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfNi0zLTEtMS0w_a2d2e4f7-0c44-42ff-9fa3-13334a5a0420">5,906</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfNi01LTEtMS0w_df80d857-39aa-4463-962d-bc67e203331e">903</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d68fb232a1f431792b416403e72de64_D20210401-20210630" decimals="-3" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfNi03LTEtMS0w_afa29c9a-7686-4de0-a108-bb9eaeaf1c99">964</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf34a61a0b0b44c3b167a59fe9eda0a0_D20210401-20210630" decimals="-3" format="ixt:zerodash" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfNi05LTEtMS0w_fef54724-efe3-48f7-bd7d-341e5fc69981">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0b7916ff832042018767300efe73eeb4_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfNi0xMS0xLTEtMA_1374e224-0765-4cbe-a67a-aa8f61375dd4">9,680</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Rental revenue</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae9ff62400c64ae1b75827bcfe7334a8_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfOS0xLTEtMS0w_9af902e0-0536-4afe-8a16-5c3ccf8a1004">16,934</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i93c394c6b72142488693e01b2d9ec31e_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfOS0zLTEtMS0w_3f167897-8640-48dc-938f-a90f38b4dd10">15,979</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i55ec2385c6334ad2b04dbde91bd8343f_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfOS01LTEtMS0w_c028a484-8645-4508-97b7-4c0dfba0d1b0">7,425</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d68fb232a1f431792b416403e72de64_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfOS03LTEtMS0w_dc3d3a30-cf4c-4b0d-875f-c3e3d197a4c8">12,138</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0b7916ff832042018767300efe73eeb4_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfOS0xMS0xLTEtMA_f44dd42c-5103-4821-89c0-379bf82642c4">52,538</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other revenue</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae9ff62400c64ae1b75827bcfe7334a8_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTAtMS0xLTEtMA_6a3be688-a8b0-4c0b-be7d-2417984d16b7">2,119</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i93c394c6b72142488693e01b2d9ec31e_D20210401-20210630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTAtMy0xLTEtMA_15ee22b8-4491-4007-98e1-08f8fcbe4b99">57</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i55ec2385c6334ad2b04dbde91bd8343f_D20210401-20210630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTAtNS0xLTEtMA_818b1682-fe29-4810-8abb-9b65e09a7f13">443</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d68fb232a1f431792b416403e72de64_D20210401-20210630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTAtNy0xLTEtMA_f205565f-2eec-4680-ae06-f643ecca45ec">93</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf34a61a0b0b44c3b167a59fe9eda0a0_D20210401-20210630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTAtOS0xLTEtMA_4143deb9-4e66-4ecc-8630-fdde45823a22">796</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0b7916ff832042018767300efe73eeb4_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTAtMTEtMS0xLTA_439f604d-7982-484d-ba77-31980b26294d">3,508</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total revenues</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae9ff62400c64ae1b75827bcfe7334a8_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTEtMS0xLTEtMA_17d8ed70-f670-494e-ba11-29f0c26e3cc4">19,053</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i93c394c6b72142488693e01b2d9ec31e_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTEtMy0xLTEtMA_ed4cde29-2d39-4119-b1f9-06d31daefa2c">16,036</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i55ec2385c6334ad2b04dbde91bd8343f_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTEtNS0xLTEtMA_f1913cef-7483-4f1f-b3bc-24b5f813146c">7,868</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d68fb232a1f431792b416403e72de64_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTEtNy0xLTEtMA_5aabd3ed-a71c-4f75-b0a8-0b754402c503">12,231</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf34a61a0b0b44c3b167a59fe9eda0a0_D20210401-20210630" decimals="-3" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTEtOS0xLTEtMA_614ee3a5-e3d9-4d8e-bab3-d32880ca54bf">858</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Real estate taxes</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae9ff62400c64ae1b75827bcfe7334a8_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTMtMS0xLTEtMA_e125c5d9-624d-4ffa-b858-0faf346631e3">3,065</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i55ec2385c6334ad2b04dbde91bd8343f_D20210401-20210630" decimals="-3" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTMtNS0xLTEtMA_fa4d6222-41d5-47ea-a342-fe864060739e">861</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d68fb232a1f431792b416403e72de64_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTMtNy0xLTEtMA_a284911c-9e2c-4008-95f9-5dbdc84a348e">1,639</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf34a61a0b0b44c3b167a59fe9eda0a0_D20210401-20210630" decimals="-3" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTMtOS0xLTEtMA_14c09684-e776-466b-b48b-46db647ca4ef">122</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0b7916ff832042018767300efe73eeb4_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTMtMTEtMS0xLTA_a3769861-f085-45b6-b2e9-7440faeb0bfd">8,205</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Property operating expenses</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae9ff62400c64ae1b75827bcfe7334a8_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTQtMS0xLTEtMA_117fd09c-0261-47fe-955d-7f2b4779998f">5,103</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i93c394c6b72142488693e01b2d9ec31e_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTQtMy0xLTEtMA_5f51b9f6-9d12-4d0b-87b1-512c4bf75e18">1,142</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i55ec2385c6334ad2b04dbde91bd8343f_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTQtNS0xLTEtMA_c4a2e598-41ad-4e3d-a49b-714d8d45e29f">1,569</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d68fb232a1f431792b416403e72de64_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTQtNy0xLTEtMA_a67cec54-059e-4775-aeb8-92c6b48ac951">2,197</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0b7916ff832042018767300efe73eeb4_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTQtMTEtMS0xLTA_f8b5031d-39ae-4386-bbe1-853f427d216d">10,194</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total segment operating expenses</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae9ff62400c64ae1b75827bcfe7334a8_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTYtMS0xLTEtMA_9005a8ab-d811-4f53-88f1-0078d5f035b1">8,168</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i93c394c6b72142488693e01b2d9ec31e_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTYtMy0xLTEtMA_a7e3e359-0d12-4924-8516-572475d7428d">3,660</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i55ec2385c6334ad2b04dbde91bd8343f_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTYtNS0xLTEtMA_128b3b9a-2cf3-4398-8fe6-c6b13e898ccf">2,430</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d68fb232a1f431792b416403e72de64_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTYtNy0xLTEtMA_feea267a-c4f7-4f30-a33e-84dd7d095780">3,836</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf34a61a0b0b44c3b167a59fe9eda0a0_D20210401-20210630" decimals="-3" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTYtOS0xLTEtMA_1470e8e7-4192-4e79-9cf1-467b2565d2d6">305</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0b7916ff832042018767300efe73eeb4_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMTYtMTEtMS0xLTA_224487dc-f1c6-458d-98d4-b63f8ff5a49f">18,399</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="36" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Reconciliation to net income</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Property general and administrative</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMjAtMTEtMS0xLTA_5f11ea81-f398-40af-87ee-294f6050931a">184</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Advisor fees</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestExpenseInvestmentAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMjEtMTEtMS0xLTA_370b4234-3f37-42b8-a597-32ee178bc029">6,749</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Company level expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" name="jllipt:FundLevelExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMjItMTEtMS0xLTA_c1210fdf-3b8e-42b5-a78b-8602e6133b85">990</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Depreciation and amortization</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DepreciationAndAmortization" scale="3" 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style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" 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style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMjgtMTEtMS0xLTA_09502856-8979-4478-8517-097f13a3abf7">10,288</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="24" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMjktMTEtMS0xLTA_c1cc0e32-4286-4b5f-86ba-c2838cb22a1d">2,412</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total other income and (expenses)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMzItMTEtMS0xLTA_f36e096e-e7b9-49ba-847c-c7831da0ac68">12,700</ix:nonFraction>)</span></td><td 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colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8653eeca0b024b0183ef243991faa8b1_D20210401-20210630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" scale="3" 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOjJjZjVhMjkxMmFhMDRmOWI4MzcwMTdkNDdhNzdiZThhL3RhYmxlcmFuZ2U6MmNmNWEyOTEyYWEwNGY5YjgzNzAxN2Q0N2E3N2JlOGFfMzctMTEtMS0xLTA_3a1ae180-4094-4df4-8cf4-7bb4e3c499f3">440,345</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total consolidated assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" 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style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="36" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Reconciliation to total consolidated assets as of December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets per reportable segments </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total consolidated assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td 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style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital expenditures by segment</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0595831fc1ab42e08c554e060a336384_D20200401-20200630" decimals="-3" name="us-gaap:PaymentsForCapitalImprovements" scale="3" 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4c87a9efcacb42d5a2cec25162a50384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMy0xMS0xLTEtMA_075ebeed-61bf-4df1-92ff-8ef1b5b53cb9">2,146</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Rental revenue</span></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4403708baa30466eb1b41fc07ff9e005_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNi0xLTEtMS0w_e05dcb75-12cb-4696-a8f7-ea720cc18c8b">16,039</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24c5e1a1d933402f84583d486044b53e_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNi0zLTEtMS0w_b7fe6a23-30d6-496e-8cb9-05eeedf234ad">11,890</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0595831fc1ab42e08c554e060a336384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNi01LTEtMS0w_6b82c9f8-5ea1-489c-97f3-b45e9777aac2">6,912</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib30c5a8f6db24ea9991dd58cdf49a83c_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNi03LTEtMS0w_cc91bb03-4293-4d09-aacc-0c23f013eaf8">10,567</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb8efaf927184e3a96c356341540932b_D20200401-20200630" decimals="-3" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNi05LTEtMS0w_4ea7b4fa-a8e6-4410-a7fd-3becb1f17ce9">75</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4c87a9efcacb42d5a2cec25162a50384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNi0xMS0xLTEtMA_df19d839-a976-49e9-89d4-850bd8e1c742">45,483</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other revenue</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4403708baa30466eb1b41fc07ff9e005_D20200401-20200630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNy0xLTEtMS0w_253c7365-f093-4e14-aed1-79dad87f81cd">728</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24c5e1a1d933402f84583d486044b53e_D20200401-20200630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNy0zLTEtMS0w_6b35a504-0d43-427a-a156-45c4abb921e4">81</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0595831fc1ab42e08c554e060a336384_D20200401-20200630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNy01LTEtMS0w_1e85b41e-7648-4371-a9e4-6e0f87bc0796">381</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib30c5a8f6db24ea9991dd58cdf49a83c_D20200401-20200630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNy03LTEtMS0w_a7518bf7-914d-4404-ae3b-fd834dfefab1">89</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb8efaf927184e3a96c356341540932b_D20200401-20200630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNy05LTEtMS0w_b6927e63-311d-48ce-889f-0ffd4f2b8ce5">154</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4c87a9efcacb42d5a2cec25162a50384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfNy0xMS0xLTEtMA_8d88cee4-0202-455f-8e8b-1365cb5fde16">1,433</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total revenues</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4403708baa30466eb1b41fc07ff9e005_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfOC0xLTEtMS0w_3530bac3-218a-4e45-b8d3-f0ce0cb1058c">16,767</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24c5e1a1d933402f84583d486044b53e_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfOC0zLTEtMS0w_f6328c05-a8e2-4d35-8d6f-9112d7839f08">11,971</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0595831fc1ab42e08c554e060a336384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfOC01LTEtMS0w_23c285b0-a670-4954-b95d-d27242dba5a1">7,293</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib30c5a8f6db24ea9991dd58cdf49a83c_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfOC03LTEtMS0w_14e65593-4b74-4804-afbc-0a003b7eb68a">10,656</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb8efaf927184e3a96c356341540932b_D20200401-20200630" decimals="-3" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfOC05LTEtMS0w_3b3bed2a-95e9-4e64-83f7-9ff51b684eb2">229</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfOC0xMS0xLTEtMA_b002d6b5-a293-4af1-8749-511f8b00f373">46,916</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating expenses:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Real estate taxes</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4403708baa30466eb1b41fc07ff9e005_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTAtMS0xLTEtMA_1e31b9c4-3bfb-49cc-b59a-1b17e38adb4c">2,936</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24c5e1a1d933402f84583d486044b53e_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTAtMy0xLTEtMA_be401268-d211-40e5-90d2-49274f6ddb21">2,026</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0595831fc1ab42e08c554e060a336384_D20200401-20200630" decimals="-3" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTAtNS0xLTEtMA_07da4693-b16a-4561-b97e-3b19ef7bf50a">858</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib30c5a8f6db24ea9991dd58cdf49a83c_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTAtNy0xLTEtMA_09f2bb41-d7c1-4043-95f2-19d3a0264f99">1,417</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb8efaf927184e3a96c356341540932b_D20200401-20200630" decimals="-3" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTAtOS0xLTEtMA_89e577f9-53de-428f-b355-910ac3ad4aac">69</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4c87a9efcacb42d5a2cec25162a50384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTAtMTEtMS0xLTA_3fa5255c-f5c4-45cc-b69e-ebdd0ed6bbc1">7,306</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Property operating expenses</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24c5e1a1d933402f84583d486044b53e_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTEtMy0xLTEtMA_f994060f-00d6-4347-bc20-fa99272219a3">1,005</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0595831fc1ab42e08c554e060a336384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTEtNS0xLTEtMA_c6b0dde6-fe56-42b6-9c3a-e7ca5fe45e1c">1,451</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib30c5a8f6db24ea9991dd58cdf49a83c_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTEtNy0xLTEtMA_47f9d5de-2242-44f0-8e4a-82c346f73681">1,656</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb8efaf927184e3a96c356341540932b_D20200401-20200630" decimals="-3" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTEtOS0xLTEtMA_0f3a5b03-1c7f-4720-b940-0fa72519af3f">152</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4c87a9efcacb42d5a2cec25162a50384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTEtMTEtMS0xLTA_84003ef4-d9cd-4b81-8dc7-289529e28b27">8,821</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total segment operating expenses</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4403708baa30466eb1b41fc07ff9e005_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTMtMS0xLTEtMA_7ddb6c2a-dc24-4b02-8527-ffff2d13741f">7,493</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24c5e1a1d933402f84583d486044b53e_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTMtMy0xLTEtMA_445ba381-88f4-42a2-8d25-ec4ad9ae4d1a">3,031</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0595831fc1ab42e08c554e060a336384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTMtNS0xLTEtMA_f245b541-d105-4b20-9a7a-3915acf4ac25">2,309</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb8efaf927184e3a96c356341540932b_D20200401-20200630" decimals="-3" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTMtOS0xLTEtMA_d10ab9c2-63e2-4c44-b477-f4c0f1c78758">221</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4c87a9efcacb42d5a2cec25162a50384_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTMtMTEtMS0xLTA_06ab02e5-c41d-4b17-8a8d-2244baa75d84">16,127</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="36" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Reconciliation to net income</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Property general and administrative</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTctMTEtMS0xLTA_293b715f-8807-4dd6-ae77-daa067abc034">333</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Advisor fees</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestExpenseInvestmentAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTgtMTEtMS0xLTA_c34c204a-c1a1-4f82-9576-baa2d813638b">6,279</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Company level expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" name="jllipt:FundLevelExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMTktMTEtMS0xLTA_effc5a21-df26-4b5f-bb14-8b5b241a1838">594</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Depreciation and amortization</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DepreciationAndAmortization" scale="3" 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style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMjMtMTEtMS0xLTA_1ec24957-c135-403a-87b3-2f99e42962d4">41,897</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income and (expenses):</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMjUtMTEtMS0xLTA_c52d270a-d05e-49ef-bee8-be0a7bd9e3bd">9,265</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="18" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Loss from unconsolidated real estate affiliates and fund investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie9b4525d5a18458cb6d5024a2b984fd1_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMjctMTEtMS0xLTA_f5fd88ea-90e3-45c9-846e-7ede8366a7e1">3,970</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total other income and (expenses)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4c87a9efcacb42d5a2cec25162a50384_D20200401-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82MS9mcmFnOjQzYTk5NDdkZWI2ODQ4Mzk5OTM1YzdjNThjMjMyZWFhL3RhYmxlOmFlNDk4MWM4MDRkNDQ4ZDZiNmYxYmNmYWQ3NWNkNzdlL3RhYmxlcmFuZ2U6YWU0OTgxYzgwNGQ0NDhkNmI2ZjFiY2ZhZDc1Y2Q3N2VfMzAtMTEtMS0xLTA_49928b15-6872-46a6-9fe9-177b7ac22fd2">13,235</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;Industrial</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;Office</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;Retail</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New 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style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital expenditures by segment</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e77b7aead124fc593b7977e2199fe57_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMy0zLTEtMS0w_5094a3dc-61b4-4fc4-b497-e5c3f6dc35df">8,881</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie56f3f0bd1b14cf68a07cc86155cdc8f_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMy01LTEtMS0w_1ddb616e-a94d-4426-8ca2-d0054f5c2b44">1,337</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i967eab75ed5546d38521090fba572d97_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMy03LTEtMS0w_0ccc7997-6781-46c8-8e35-efd78de60ea6">1,476</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2c1d8dec287443e39da9349298a82d48_D20210101-20210630" decimals="-3" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMy05LTEtMS0w_2c7ba11e-8309-49a5-8233-a844f90ce555">16</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5c75bd9c10f045699a2322d7343ab404_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMy0xMS0xLTEtMA_b3bd86b4-d34d-4000-846e-6493d0df6536">14,326</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Rental revenue</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i008329af52574f1b95306d5b7ae75770_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e77b7aead124fc593b7977e2199fe57_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNi0zLTEtMS0w_4e93f69d-d4dc-4a5c-8f6d-975dafd871af">31,205</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie56f3f0bd1b14cf68a07cc86155cdc8f_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNi01LTEtMS0w_160dbbd7-0ef1-4802-bb8f-1438e7d206e0">14,997</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i967eab75ed5546d38521090fba572d97_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNi03LTEtMS0w_e1ab5aa0-dbb5-4016-9e43-fd23bc8836fa">24,191</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2c1d8dec287443e39da9349298a82d48_D20210101-20210630" decimals="-3" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNi05LTEtMS0w_53167474-552c-4c50-92a2-a45f945986ff">93</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5c75bd9c10f045699a2322d7343ab404_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNi0xMS0xLTEtMA_b3c8b21b-a99e-4cd0-a61e-080e6266e46a">103,269</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Other revenue</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i008329af52574f1b95306d5b7ae75770_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNy0xLTEtMS0w_dd9ae5ef-a3e6-43f6-970c-288bcafb758f">2,878</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e77b7aead124fc593b7977e2199fe57_D20210101-20210630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNy01LTEtMS0w_806fd080-98ff-4f95-8b13-df58b8e50e6f">815</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i967eab75ed5546d38521090fba572d97_D20210101-20210630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNy03LTEtMS0w_68fee194-f08e-4641-9d3a-3308d64f84fa">176</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2c1d8dec287443e39da9349298a82d48_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNy05LTEtMS0w_f8ea5884-04ab-4501-8201-f645d1f6b240">1,427</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5c75bd9c10f045699a2322d7343ab404_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfNy0xMS0xLTEtMA_1a1272ce-2349-458a-9ffb-a169142d8bb7">5,358</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total revenues</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i008329af52574f1b95306d5b7ae75770_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfOC0xLTEtMS0w_59d5d01c-70b1-4f17-9a43-4d3edf49e2ec">35,661</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e77b7aead124fc593b7977e2199fe57_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfOC0zLTEtMS0w_65244218-3a5d-4746-b92d-93759b892b2b">31,267</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie56f3f0bd1b14cf68a07cc86155cdc8f_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfOC01LTEtMS0w_4193547a-ad47-4855-9539-5229e09f63f3">15,812</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i967eab75ed5546d38521090fba572d97_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfOC03LTEtMS0w_534a10d3-4e61-4a1a-8c7c-65b07aaebf23">24,367</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2c1d8dec287443e39da9349298a82d48_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfOC05LTEtMS0w_bfd146b7-f89b-431a-a874-c8b49bc59b14">1,520</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times 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expenses:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Real estate taxes</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i008329af52574f1b95306d5b7ae75770_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTAtMS0xLTEtMA_ceb78164-fd62-48d4-bf77-a3dc39a918fa">6,176</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e77b7aead124fc593b7977e2199fe57_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTAtMy0xLTEtMA_4e26ecdf-b2ee-4d00-a000-7a14721c1006">4,978</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie56f3f0bd1b14cf68a07cc86155cdc8f_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTAtNS0xLTEtMA_7bc5a3e8-e937-486d-85e8-902bab56e2bd">1,628</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i967eab75ed5546d38521090fba572d97_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTAtNy0xLTEtMA_6746693a-219e-4be1-a367-472ac47a174d">3,272</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2c1d8dec287443e39da9349298a82d48_D20210101-20210630" decimals="-3" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTAtOS0xLTEtMA_8dcf0ba4-0a9f-4c27-9b37-d5e8bf3affe0">237</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5c75bd9c10f045699a2322d7343ab404_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTAtMTEtMS0xLTA_58eedef6-8bf9-48da-85d2-81187a0ea89a">16,291</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Property operating expenses</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i008329af52574f1b95306d5b7ae75770_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTEtMS0xLTEtMA_3582ff59-9076-4168-9b1a-6de01e2fa78c">9,933</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e77b7aead124fc593b7977e2199fe57_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTEtMy0xLTEtMA_7a08b137-5793-4edd-80e4-d81fe31a2fbf">2,496</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie56f3f0bd1b14cf68a07cc86155cdc8f_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTEtNS0xLTEtMA_bad224a3-994a-494d-9b98-e3c2e1218a4a">3,056</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i967eab75ed5546d38521090fba572d97_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTEtNy0xLTEtMA_9bf46073-17fa-4dc9-b54e-6c42a77c4ede">4,243</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2c1d8dec287443e39da9349298a82d48_D20210101-20210630" decimals="-3" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTEtOS0xLTEtMA_189ae456-d6a5-464f-bca9-db0d076cb15c">377</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5c75bd9c10f045699a2322d7343ab404_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTEtMTEtMS0xLTA_ea61846e-172a-4ad9-84b2-c9d4e1d12449">20,105</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total segment operating expenses</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i008329af52574f1b95306d5b7ae75770_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTMtMS0xLTEtMA_c4398a83-58df-4467-8030-9e2c61e59dc4">16,109</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e77b7aead124fc593b7977e2199fe57_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTMtMy0xLTEtMA_fe8a046e-8aee-46c5-aa0e-91c124257ef5">7,474</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie56f3f0bd1b14cf68a07cc86155cdc8f_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTMtNS0xLTEtMA_3d84175f-3eb4-4f71-886b-4d649fb40bf7">4,684</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 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id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTMtNy0xLTEtMA_d065f79b-6f00-4ef6-867e-eae6c0cb01a5">7,515</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2c1d8dec287443e39da9349298a82d48_D20210101-20210630" decimals="-3" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTMtOS0xLTEtMA_3e084c62-e160-4aab-8fc2-58b44ff126e8">614</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5c75bd9c10f045699a2322d7343ab404_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTMtMTEtMS0xLTA_b72c0b91-e530-4c7c-a2c9-8e6cb1111b98">36,396</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="36" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Reconciliation to net income</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Property general and administrative</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTctMTEtMS0xLTA_e706e757-e273-42b4-85c9-84402931e2fe">476</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Advisor fees</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestExpenseInvestmentAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMTgtMTEtMS0xLTA_e4f31f8a-f9bc-4674-be18-16a655e27280">13,074</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Company level expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times 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colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Depreciation and amortization</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DepreciationAndAmortization" scale="3" 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style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjY0ZTE4NDgzYThjMTRiNjQ4ZGFkMGMzZmNjZWQyOGY2L3RhYmxlcmFuZ2U6NjRlMTg0ODNhOGMxNGI2NDhkYWQwYzNmY2NlZDI4ZjZfMjktMTEtMS0xLTA_1267484e-3ab1-4cfe-b1ab-eb73bba1fb65">26,456</ix:nonFraction>&#160;</span></td><td 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1c098d89df324b79ba796574dd32c559_D20200101-20200630" decimals="-3" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMy03LTEtMS0w_9fd3ae26-e217-401b-bf9f-faab6059a284">849</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia49ee9bdf89f45c9aab3151207cb6060_D20200101-20200630" decimals="-3" format="ixt:zerodash" name="us-gaap:PaymentsForCapitalImprovements" scale="3" 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibb661e16149247e9b06b2be4ef5bc66d_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForCapitalImprovements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMy0xMS0xLTEtMA_2e0b0a85-6edd-43cb-b00b-60a65230a5bc">4,853</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Rental revenue</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span 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0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id96162d27d5f4377bbc328ea997bac51_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1c098d89df324b79ba796574dd32c559_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfNi03LTEtMS0w_653c4078-d5ca-4a98-bc44-b0278dcdf172">22,782</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia49ee9bdf89f45c9aab3151207cb6060_D20200101-20200630" decimals="-3" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfNi05LTEtMS0w_5618a73b-1898-4421-8142-4fb57bc827e1">144</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibb661e16149247e9b06b2be4ef5bc66d_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfNi0xMS0xLTEtMA_cb8e18cd-d31b-4924-a52c-ecbee34f8d9f">92,400</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Other revenue</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia1ae7adcb6544d808c3652a45b099e49_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfNy0xLTEtMS0w_c686e8ac-1ad8-424b-ada8-0e251185eac3">1,515</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id96162d27d5f4377bbc328ea997bac51_D20200101-20200630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfNy0zLTEtMS0w_6a758b2d-f787-48c9-a6a2-b86785b23813">188</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id7a880ea945742dd979da926244dc1f6_D20200101-20200630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfNy01LTEtMS0w_57cf75f9-70f2-45ac-8240-0b0e64068e6c">656</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1c098d89df324b79ba796574dd32c559_D20200101-20200630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfNy03LTEtMS0w_e885abe7-699e-4379-bc99-9519e3e2f87b">212</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia49ee9bdf89f45c9aab3151207cb6060_D20200101-20200630" decimals="-3" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfNy05LTEtMS0w_6bd1a42d-4c0a-4f9e-9d1b-81951c156250">605</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibb661e16149247e9b06b2be4ef5bc66d_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRevenueExpenseFromRealEstateOperations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfNy0xMS0xLTEtMA_7c57338e-9f84-431a-b49a-17458ef4828d">3,176</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total revenues</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia1ae7adcb6544d808c3652a45b099e49_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfOC0xLTEtMS0w_25e9b6ee-2d83-4bdc-b237-12ff1ae22656">33,795</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id96162d27d5f4377bbc328ea997bac51_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfOC0zLTEtMS0w_71ad49cb-daca-421f-9eff-ed640c4281aa">24,070</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id7a880ea945742dd979da926244dc1f6_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfOC01LTEtMS0w_2ff98fdc-2584-4307-9777-34cc0cacf6d7">13,968</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1c098d89df324b79ba796574dd32c559_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfOC03LTEtMS0w_b81aaebe-9456-4ad9-9fb3-9ceb0375d97d">22,994</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia49ee9bdf89f45c9aab3151207cb6060_D20200101-20200630" decimals="-3" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfOC05LTEtMS0w_8d581c28-29bf-4489-b166-0f131f1dcd19">749</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibb661e16149247e9b06b2be4ef5bc66d_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Revenues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfOC0xMS0xLTEtMA_9850694f-ae19-4e88-814e-6a99544e7f8b">95,576</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating expenses:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Real estate taxes</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia1ae7adcb6544d808c3652a45b099e49_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTAtMS0xLTEtMA_1a82d4c0-4580-4531-85a2-fe7150dd7650">5,833</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id7a880ea945742dd979da926244dc1f6_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTAtNS0xLTEtMA_1b9a5ed7-843a-4d58-a823-e4e6793735e4">1,706</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1c098d89df324b79ba796574dd32c559_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTAtNy0xLTEtMA_0ddf3220-c05b-4b2d-88e4-361b1864be5c">3,010</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia49ee9bdf89f45c9aab3151207cb6060_D20200101-20200630" decimals="-3" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTAtOS0xLTEtMA_01a72288-7de8-4236-83ac-19ad9a20cb29">172</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibb661e16149247e9b06b2be4ef5bc66d_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateTaxExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTAtMTEtMS0xLTA_5e31a090-1d9f-4e84-b01e-39880753b100">14,847</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Property operating expenses</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia1ae7adcb6544d808c3652a45b099e49_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTEtMS0xLTEtMA_9b45efe9-55c8-47b1-8c83-a532076f003c">9,052</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id96162d27d5f4377bbc328ea997bac51_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTEtMy0xLTEtMA_ed724a38-2963-4e7c-8a59-eb75a2490acb">1,984</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id7a880ea945742dd979da926244dc1f6_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTEtNS0xLTEtMA_2483027d-32c0-4d0d-a790-a177770b91a2">2,654</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1c098d89df324b79ba796574dd32c559_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTEtNy0xLTEtMA_1f79408b-aba2-437a-a3e4-63276dd0f341">3,529</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia49ee9bdf89f45c9aab3151207cb6060_D20200101-20200630" decimals="-3" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTEtOS0xLTEtMA_87c9989a-1422-4f28-99ed-565ac37d428a">360</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibb661e16149247e9b06b2be4ef5bc66d_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTEtMTEtMS0xLTA_f2668cdf-ae94-4aa4-a6dd-2e941d4b3582">17,579</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total segment operating expenses</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia1ae7adcb6544d808c3652a45b099e49_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTMtMS0xLTEtMA_da33da1b-c134-443c-b864-5e3b0af4e731">14,885</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id96162d27d5f4377bbc328ea997bac51_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTMtMy0xLTEtMA_c4145671-f5c2-4381-b108-8d3ce6da912c">6,110</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id7a880ea945742dd979da926244dc1f6_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTMtNS0xLTEtMA_a1ddcc86-73cb-439f-af7c-f4632ca3f63e">4,360</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1c098d89df324b79ba796574dd32c559_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTMtNy0xLTEtMA_d5f8c8a0-79e5-4f8c-a711-37ff88d46fcc">6,539</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia49ee9bdf89f45c9aab3151207cb6060_D20200101-20200630" decimals="-3" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTMtOS0xLTEtMA_495df788-27a7-48d3-b544-495e395a6cae">532</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibb661e16149247e9b06b2be4ef5bc66d_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTMtMTEtMS0xLTA_7e92b88b-2ab4-48d2-9891-612e3cb985d9">32,426</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="36" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Reconciliation to net income</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Property general and administrative</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTctMTEtMS0xLTA_2e8aaf66-0bf9-4c11-ac3c-51be796a3bf8">2,881</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Advisor fees</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestExpenseInvestmentAdvisoryFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTgtMTEtMS0xLTA_8324109d-dec2-40a6-af08-4dbe9f6c3103">12,857</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Company level expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="jllipt:FundLevelExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMTktMTEtMS0xLTA_e7000807-f1de-4c08-8deb-f8c99444acfd">1,548</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Depreciation and amortization</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMjMtMTEtMS0xLTA_e97f6150-b77a-49c5-8727-5187779cb141">87,332</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income and (expenses):</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMjUtMTEtMS0xLTA_ac9cd39a-a491-4cdb-9100-6fc8ecb8e0c7">23,800</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="30" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Loss from unconsolidated real estate affiliates and fund investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMjctMTEtMS0xLTA_e7289d4f-2296-434c-bc79-65bbdbeb622b">12,897</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="12" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;Gain on disposition of property and extinguishment of debt, net</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainsLossesOnExtinguishmentOfDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMjktMTEtMS0xLTA_3e3d6664-4065-4547-8d6f-366f96684472">1,708</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total other income and (expenses)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMzAtMTEtMS0xLTA_43e83ccc-984c-47de-905a-cbbcef2b36c6">34,989</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i85420530e49b41ada8dbd3e2350c616a_D20200101-20200630" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV82NC9mcmFnOjk0NDUwMTNkOGUzYjQ4NzJiNzhlM2M4NzVlOTY1MDgwL3RhYmxlOjU3Y2E1ZTc3NTI2YjQ3YWFiZmNkMjU4MTIwNjdhNzM0L3RhYmxlcmFuZ2U6NTdjYTVlNzc1MjZiNDdhYWJmY2QyNTgxMjA2N2E3MzRfMzEtMTEtMS0xLTA_9054c289-7e32-41c4-8af2-2d260714a9af">26,745</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td></tr></table></ix:continuation></div><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_73"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 12&#8212;<ix:nonNumeric contextRef="if275b4ed718e4976bfbee4e6f534a876_D20210101-20210630" name="us-gaap:SubsequentEventsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfNzM1_464cddb7-832d-41e1-815c-04e01cae934d" continuedAt="i8f20cd7620fd4bc98cfad17de0272052" escape="true">SUBSEQUENT EVENTS</ix:nonNumeric></span></div><ix:continuation id="i8f20cd7620fd4bc98cfad17de0272052"><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 2, 2021, we acquired two industrial buildings totaling <ix:nonFraction unitRef="sqft" contextRef="i15c5f9a0a9864d6da1a2a754c96e800c_I20210702" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AreaOfRealEstateProperty" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzA0NQ_afc38902-43d6-4efe-b311-c0a66b772304">153,000</ix:nonFraction> square feet located in San Marcos and Poway, California for approximately $<ix:nonFraction unitRef="usd" contextRef="i15c5f9a0a9864d6da1a2a754c96e800c_I20210702" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzA2Ng_f1a2e2c2-5da2-4cf4-a929-812a81a3c86c">36,640</ix:nonFraction>. The acquisitions were funded with cash on hand.  </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 9, 2021, we acquired a <ix:nonFraction unitRef="sqft" contextRef="ia7c6373c1e3e4236a56e799f46cfe698_I20210709" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AreaOfRealEstateProperty" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzA4NQ_02516e72-f21a-4ece-97a8-81223c75f194">130,000</ix:nonFraction> square foot industrial property located in Fremont, California for approximately $<ix:nonFraction unitRef="usd" contextRef="ia7c6373c1e3e4236a56e799f46cfe698_I20210709" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:BusinessAcquisitionCostOfAcquiredEntityTransactionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzA3NA_9f5a8ae2-0b24-4067-baac-35a9aad02f14">32,000</ix:nonFraction> using cash on hand.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 5, 2021, we acquired a <ix:nonFraction unitRef="rate" contextRef="i0a0a06e5134d44969f24caf4f563d860_I20210805" decimals="INF" name="jllipt:RealEstatePropertyOwnershipPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzEwMA_44f30209-3bfb-416e-a941-4a9f7ed51be1">49</ix:nonFraction>% interest in GVI RH JV Investor, LLC, which owns a <ix:nonFraction unitRef="number" contextRef="icb5f43d2daaf439da9b564930681aa6f_I20210805" decimals="INF" name="us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzEzMw_a6ac8465-fffe-4c01-a314-24f76b011967">95</ix:nonFraction>% interest in a joint venture, alongside a prominent national single family rental operating company, of a portfolio of approximately 4,000 stabilized single family rental homes located in various markets across the United States, including Atlanta, Dallas, Phoenix, Nashville and Charlotte, among others. The seller will retain a <ix:nonFraction unitRef="number" contextRef="icb5f43d2daaf439da9b564930681aa6f_I20210805" decimals="INF" name="us-gaap:MinorityInterestOwnershipPercentageByParent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzE0MA_1d24fbd4-a7c6-4a0c-94f3-47fcd2a35263">51</ix:nonFraction>% interest. The portfolio is encumbered by RMBS in a net amount of $<ix:nonFraction unitRef="usd" contextRef="i621aa3a262aa4154b630dc28fff67b01_I20210930" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzE1MQ_d58f3679-1052-49e5-ab05-a1fad22a1c41">760,000</ix:nonFraction> maturing in the fourth quarter of 2025 at an interest rate of <ix:nonFraction unitRef="rate" contextRef="i621aa3a262aa4154b630dc28fff67b01_I20210930" decimals="INF" name="us-gaap:DerivativeFixedInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzE2MA_e1753a1c-84d6-4e6f-890e-e0204b82eba0">2.1</ix:nonFraction>%. The equity purchase price is approximately $<ix:nonFraction unitRef="usd" contextRef="i0a0a06e5134d44969f24caf4f563d860_I20210805" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzg0ODI5MDcwMzA5NQ_bb06505a-97e0-45da-9eda-9711a164e689">205,000</ix:nonFraction>.  We funded the transaction using cash on hand and a draw on our revolving line of credit.  </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 10, 2021, our board of directors approved a gross dividend for the third quarter of 2021 of $<ix:nonFraction unitRef="usdPerShare" contextRef="i939a0d836d614b7cbcfe7c47a08361c9_D20210701-20210930" decimals="3" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfMzQy_9683025f-85c1-4217-853d-b8cda27f5c11">0.135</ix:nonFraction> per share to stockholders of record as of September 24, 2021. The dividend will be paid on or around September 29, 2021.  Class A, Class M, Class A-I, Class M-I and Class D stockholders will receive $<ix:nonFraction unitRef="usdPerShare" contextRef="i939a0d836d614b7cbcfe7c47a08361c9_D20210701-20210930" decimals="3" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfNTM0_9683025f-85c1-4217-853d-b8cda27f5c11">0.135</ix:nonFraction> per share, less applicable class-specific fees, if any.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 10, 2021, our board of directors approved increasing our DST Program by an additional $<ix:nonFraction unitRef="usd" contextRef="i7cf1e3ef47ca4de6a2ece742655cf558_D20191016-20191016" decimals="-3" format="ixt:numdotdecimal" name="jllipt:CommonstockvalueauthorizedduringDSToffering" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmU1MjgxNDU2YmVjYTQ3NjM5ODlmOTUxMmM1ZjI2MzE5L3NlYzplNTI4MTQ1NmJlY2E0NzYzOTg5Zjk1MTJjNWYyNjMxOV83My9mcmFnOmI3OTg1MzE1MzdlOTQxZmM4NDYwOTJiZGM2ZmUwNmE3L3RleHRyZWdpb246Yjc5ODUzMTUzN2U5NDFmYzg0NjA5MmJkYzZmZTA2YTdfNDM5ODA0NjUxNjQ3OQ_54844049-464a-4611-9cac-dce8c967a2a4">500,000</ix:nonFraction> in private placements through the sale of beneficial interests in specific DST Properties, which may be sourced from our existing portfolio or from newly acquired properties sourced from third parties.</span></div></ix:continuation><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div><div style="margin-top:9pt;padding-left:9pt;padding-right:9pt;text-align:center;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">*&#160;&#160;*&#160;&#160;*&#160;&#160;*&#160;&#160;*&#160;&#160;*</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_76"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:6.952%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:90.848%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Item&#160;2.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations.</span></td></tr></table></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">$ in thousands, except per share amounts</span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Cautionary Note Regarding Forward-Looking Statements</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This Quarterly Report on Form 10-Q ("Form 10-Q") may contain forward-looking statements within the meaning of Section&#160;21E of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and Section&#160;27A of the Securities Act of 1933, as amended (the "Securities Act"), regarding, among other things, our plans, strategies and prospects, both business and financial. Forward-looking statements include, but are not limited to, statements that represent our beliefs concerning future operations, strategies, financial results or other developments. Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;would be,&#8221; &#8220;believe,&#8221; or &#8220;continue&#8221; or the negative or other variations of comparable terminology. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this Form 10-Q is filed with the SEC. Except as required by law, we do not undertake to update or revise any forward-looking statements contained in this Form 10-Q. Important factors that could cause actual results to differ materially from the forward-looking statements are disclosed in &#8220;Item 1A. Risk Factors,&#8221; &#8220;Item 1. Business&#8221; and &#8220;Item 7. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221; contained in our 2020 Form 10-K and our periodic reports filed with the SEC.</span></div><div id="ie5281456beca4763989f9512c5f26319_79"></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Management Overview</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations (&#8220;MD&amp;A&#8221;) is intended to help the reader understand our results of operations and financial condition. This MD&amp;A is provided as a supplement to, and should be read in conjunction with, our consolidated financial statements and the accompanying notes to the consolidated financial statements appearing elsewhere in this Form 10-Q. All references to numbered Notes are to specific notes to our consolidated financial statements beginning on page 7 of this Form 10-Q, and the descriptions referred to are incorporated into the applicable portion of this section by reference. References to &#8220;base rent&#8221; in this Form 10-Q refer to cash payments made under the relevant lease(s), excluding real estate taxes and certain property operating expenses that are paid by us and are recoverable under the relevant lease(s) and exclude adjustments for straight-line rent revenue and above- and below-market lease amortization.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The discussions surrounding our Consolidated Properties refer to our wholly or majority owned and controlled properties, including our DST Properties, which as of June&#160;30, 2021, were comprised of:</span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Apartment</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The Edge at Lafayette, </span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Townlake of Coppell,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">AQ Rittenhouse,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Lane Parke Apartments,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Dylan Point Loma,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The Penfield,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">180 North Jefferson,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Jory Trail at the Grove,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The Reserve at Johns Creek,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Villas at Legacy,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Stonemeadow Farms,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Summit at San Marcos,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Presley Uptown, and</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Princeton North Andover (acquired in 2021).</span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:3pt;text-indent:22.5pt"><span><br/></span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Industrial</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Kendall Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Norfleet Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Suwanee Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">3325 Trinity Boulevard,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Charlotte Distribution Center, </span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">DFW Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">O'Hare Industrial Portfolio,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Tampa Distribution Center, </span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Aurora Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Valencia Industrial Portfolio,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Pinole Point Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Mason Mill Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Fremont Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">3324 Trinity Boulevard,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Taunton Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Chandler Distribution Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Fort Worth Distribution Center, (acquired in 2020),</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Whitestown Distribution Center (acquired in 2020),</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Louisville Distribution Center (acquired in 2021), </span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Southeast Phoenix Distribution Center (acquired in 2021), and</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Louisville Airport Distribution Center (acquired in 2021).</span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Office</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Monument IV at Worldgate,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">140 Park Avenue,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">San Juan Medical Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Genesee Plaza,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Fountainhead Corporate Park (acquired in 2020), and</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">170 Park Avenue (acquired in 2021).</span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Retail</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The District at Howell Mill, </span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Grand Lakes Marketplace, </span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Oak Grove Plaza,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Rancho Temecula Town Center, </span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Skokie Commons,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Whitestone Market,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Maui Mall,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Silverstone Marketplace,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Kierland Village Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Timberland Town Center,</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Montecito Marketplace, and</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Milford Crossing (acquired in 2020).</span></div><div style="margin-top:14pt;text-indent:27pt"><span><br/></span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Other</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">South Beach Parking Garage.</span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Sold Properties</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">24823 Anza Drive (sold in 2020), and</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">South Seattle Distribution Center (sold in 2021).</span></div><div style="margin-top:3pt;text-indent:22.5pt"><span><br/></span></div><div style="margin-top:3pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Discussions surrounding our Unconsolidated Properties refer to the following properties as of June&#160;30, 2021: </span></div><div style="margin-top:8pt;text-align:center;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:52.777%"><tr><td style="width:1.0%"></td><td style="width:60.672%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.743%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Property</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Property Type</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chicago Parking Garage</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Parking</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NYC Retail Portfolio</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pioneer Tower</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The Tremont</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The Huntington</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Siena Suwanee Town Center </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td></tr></table></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:6pt;padding-left:27pt;text-indent:-27pt"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)   &#160;&#160;&#160;&#160;We have elected the fair value option to account for this investment.</span></div><div style="margin-top:6pt;padding-left:27pt;text-indent:-27pt"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2)       Investment was acquired on December 15, 2020.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary business is the ownership and management of a diversified portfolio of apartment, industrial, office, retail and other properties primarily located in the United States. It is expected that over time our real estate portfolio will be further diversified on a global basis and will be complemented by investments in real estate-related assets. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are managed by our Advisor, LaSalle Investment Management, Inc., a subsidiary of our Sponsor, Jones Lang LaSalle Incorporated (NYSE: JLL), a leading global financial and professional services firm that specializes in commercial real estate and investment management. We hire property management and leasing companies to provide the on-site, day-to-day management and leasing services for our properties. When selecting a property management or leasing company for one of our properties, we look for service providers that have a strong local market or industry presence, create portfolio efficiencies, have the ability to develop new business for us and will provide a strong internal control environment that will comply with our Sarbanes-Oxley Act of 2002 internal control requirements. We currently use a mix of property management and leasing service providers that include large national real estate service firms, including an affiliate of our Advisor and smaller local firms.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We seek to minimize risk and maintain stability of income and principal value through broad diversification across property sectors and geographic markets and by balancing tenant lease expirations and debt maturities across the real estate portfolio. Our diversification goals also take into account investing in sectors or regions we believe will create returns consistent with our investment objectives. Under normal conditions, we intend to pursue investments principally in well-located, well-leased properties within the apartment, industrial, office, retail and other sectors. We expect to actively manage the mix of properties and markets over time in response to changing operating fundamentals within each property sector and to changing economies and real estate markets in the geographic areas considered for investment. When consistent with our investment objectives, we also seek to maximize the tax efficiency of our investments through like-kind exchanges and other tax planning strategies.</span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following charts summarize our portfolio diversification by property sector and geographic region based upon the fair value of our properties. These tables provide examples of how our Advisor evaluates our real estate portfolio when making investment decisions.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Estimated Percent of Fair Value as of June&#160;30, 2021: </span></div><div style="margin-top:9pt;text-align:center;text-indent:22.5pt"><img src="jllipt-20210630_g2.jpg" alt="jllipt-20210630_g2.jpg" style="height:312px;margin-bottom:5pt;vertical-align:text-bottom;width:589px"/></div><div style="margin-top:9pt;text-align:center;text-indent:22.5pt"><img src="jllipt-20210630_g3.jpg" alt="jllipt-20210630_g3.jpg" style="height:312px;margin-bottom:5pt;vertical-align:text-bottom;width:589px"/></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_82"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our investments are not materially impacted by seasonality, despite certain of our retail tenants being impacted by seasonality. Percentage rents (rents computed as a percentage of tenant sales) that we earn from investments in retail properties may, in the future, be impacted by seasonality.</span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. For example, significant estimates and assumptions have been made with respect to the useful lives of assets, recoverable amounts of receivables, fair value of derivatives and real estate assets, initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to property acquisitions. Actual results could differ from those estimates.</span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Critical Accounting Policies</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This MD&amp;A is based upon our consolidated financial statements, which have been prepared in accordance with GAAP. The preparation of these consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. Management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We believe there have been no significant changes during the six months ended June 30, 2021 to the items that we disclosed as our critical accounting policies and estimates under &#8220;Item 7. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221; in our 2020 Form 10-K.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Initial Valuations and Estimated Useful Lives or Amortization Periods for Real Estate Investments and Intangibles </span></div><div style="margin-top:4.5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These estimates are particularly important as they are used for the allocation of purchase price between building, land and other identifiable intangibles, including above, below and at-market leases. As a result, the impact of these estimates on our operations could be substantial. Significant differences in annual depreciation or amortization expense may result from the differing useful life or amortization periods related to such purchased assets and liabilities. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Impairment of Long-Lived Assets </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our estimate of the expected future cash flows used in testing for impairment is subjective and based on, among other things, our estimates regarding future market conditions, rental rates, occupancy levels, costs of tenant improvements, leasing commissions and other tenant concessions, assumptions regarding the residual value of our properties at the end of our anticipated holding period, discount rates and the length of our anticipated holding period. These assumptions could differ materially from actual results. If changes in our strategy or the market conditions result in a reduction in the holding period and an earlier sale date, an impairment loss could be recognized and such loss could be material.  No such strategy changes or market conditions have been identified as of June&#160;30, 2021.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Collectibility of Rental Revenue</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Individual leases are evaluated for collectibility at each reporting period. We evaluate the collectibility of rents and other receivables at each reporting period based on factors including, among others, tenant's payment history, the financial condition of the tenant, business conditions and trends in the industry in which the tenant operates and economic conditions in the geographic area where the property is located. If evaluation of these factors or others indicates it is not probable we will collect substantially all rent we recognize an adjustment to rental revenue. If our judgment or estimation regarding probability of collection changes we may adjust or record additional rental revenue in the period such conclusion is reached.</span></div><div style="margin-top:4.5pt;text-indent:24.75pt"><span><br/></span></div><div style="margin-top:4.5pt;text-indent:24.75pt"><span><br/></span></div><div style="margin-top:6pt;text-indent:22.5pt"><span><br/></span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_85"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Properties  </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Properties owned at June&#160;30, 2021, including DST Properties, are as follows:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.808%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.958%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.386%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.339%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.109%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.115%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Percentage Leased&#160;as&#160;of June&#160;30, 2021</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Property Name</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition&#160;Date</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ownership<br/>%</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net&#160;Rentable</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Square Feet</span></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Consolidated Properties:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Apartment Segment:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Edge at Lafayette</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lafayette, LA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">January 15, 2008</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">207,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Townlake of Coppell</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Coppell, TX</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">May 22, 2015</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">351,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">94</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">AQ Rittenhouse</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Philadelphia, PA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 30, 2015</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">92,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lane Parke Apartments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mountain Brook, AL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">May 26, 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">263,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Dylan Point Loma</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">San Diego, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">August 9, 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">204,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Penfield</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">St. Paul, MN</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 22, 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">245,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">180 North Jefferson</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chicago, IL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 1, 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">217,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Jory Trail at the Grove</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Wilsonville, OR</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 14, 2017</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">315,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Reserve at Johns Creek</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Johns Creek, GA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 28, 2017</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">244,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">94</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Villas at Legacy</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Plano, TX</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 6, 2018</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">340,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">94</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stonemeadow Farms</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Bothell, WA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">May 13, 2019</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">228,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">98</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Summit at San Marcos</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chandler, AZ</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 31, 2019</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">257,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Presley Uptown (1)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Charlotte, NC</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2019</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">98</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">190,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">94</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Princeton North Andover</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">North Andover, MA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">May 3, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">204,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Industrial Segment:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Kendall Distribution Center&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Atlanta, GA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 30, 2005</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">409,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Norfleet Distribution Center&#160;</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Kansas City, MO</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">February 27, 2007</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">702,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Suwanee Distribution Center</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Suwanee, GA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 28, 2013</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">559,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Grand Prairie Distribution Center&#160;</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3325 West Trinity Boulevard</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Grand Prairie, TX</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">January 22, 2014</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">277,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3324 West Trinity Boulevard</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Grand Prairie, TX</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">May 31, 2019</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">145,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Charlotte Distribution Center </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Charlotte, NC</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 27, 2014</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">347,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">DFW Distribution Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4050 Corporate Drive</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Grapevine, TX</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">April 15, 2015</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">441,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4055 Corporate Drive</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Grapevine, TX</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">April 15, 2015</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">202,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">O'Hare Industrial Portfolio</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">200 Lewis</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Wood Dale, IL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2015</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">31,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">82</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1225 Michael Drive</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Wood Dale, IL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2015</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">109,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1300 Michael Drive</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Wood Dale, IL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2015</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">71,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1301 Mittel Drive</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Wood Dale, IL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2015</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">53,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1350 Michael Drive</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Wood Dale, IL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2015</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">56,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2501 Allan Drive</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Elk Grove, IL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2015</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">198,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2601 Allan Drive</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Elk Grove, IL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2015</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">124,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tampa Distribution Center</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tampa, FL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">April 11, 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">386,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Aurora Distribution Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Aurora, IL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">May 19, 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">305,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Valencia Industrial Portfolio:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28150 West Harrison Parkway</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Valencia, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 29, 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">87,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28145 West Harrison Parkway</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Valencia, CA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 29, 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">114,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28904 Paine Avenue</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Valencia, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 29, 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">117,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25045 Tibbitts Avenue</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Santa Clarita, CA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 29, 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">142,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pinole Point Distribution Center:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6000 Giant Road</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Richmond, CA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 8, 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">225,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">32</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.808%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.958%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.386%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.339%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.109%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.115%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Percentage Leased&#160;as&#160;of June&#160;30, 2021</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Property Name</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition&#160;Date</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ownership<br/>%</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net&#160;Rentable</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Square Feet</span></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6015 Giant Road</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Richmond, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 8, 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">252,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6025 Giant Road</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Richmond, CA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 29, 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">41,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mason Mill Distribution Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Buford, GA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 20, 2017</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">340,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fremont Distribution Center</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">45275 Northport Court</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fremont, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">March 29, 2019</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">117,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">45630 Northport Loop East</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fremont, CA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">March 29, 2019</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Taunton Distribution Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Taunton, MA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">August 23, 2019</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">200,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chandler Distribution Center</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1725 East Germann Road</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chandler, AZ</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 5, 2019</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">122,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1825 East Germann Road</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chandler, AZ</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 5, 2019</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fort Worth Distribution Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fort Worth, TX</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">October 23, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">351,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Whitestown Distribution Center</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4993 Anson Boulevard</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Whitestown, IN</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 11, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">280,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5102 E 500 South</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Whitestown, IN</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 11, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">440,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Louisville Distribution Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Shepherdsville, KY</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">January 21, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,040,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Southeast Phoenix Distribution Center</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6511 West Frye Road</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chandler, AZ</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">February 23, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">102,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6565 West Frye Road</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chandler, AZ</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">February 23, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">118,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6615 West Frey Road</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chandler, AZ</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">February 23, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">136,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6677 West Frye Road</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chandler, AZ</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">February 23, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">118,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Louisville Airport Distribution Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Louisville, KY</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 24, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">283,844&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Office Segment:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Monument IV at Worldgate&#160;</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Herndon,&#160;VA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">August 27, 2004</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">228,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">140 Park Avenue</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Florham Park, NJ</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 21, 2015</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">San Juan Medical Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">San Juan Capistrano, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">April 1, 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Genesee Plaza</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9333 Genesee Ave</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">San Diego, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 2, 2019</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">80,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9339 Genesee Ave</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">San Diego, CA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 2, 2019</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fountainhead Corporate Park</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fountainhead Corporate Park I</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tempe, AZ</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">February 6, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">167,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fountainhead Corporate Park II</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tempe, AZ</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">February 6, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">128,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">170 Park Avenue</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Florham Park, NJ</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">February 2, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">147,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Retail Segment:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The District at Howell Mill&#160;(1)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Atlanta, GA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 15, 2007</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">306,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">96%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Grand Lakes Marketplace (1)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Katy, TX</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 17, 2013</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">90</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">131,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">75</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Oak Grove Plaza</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sachse, TX</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">January 17, 2014</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">94</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Rancho Temecula Town Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Temecula, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 16, 2014</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">165,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">96</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Skokie Commons</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Skokie, IL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">May 15, 2015</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">98</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Whitestone Market</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Austin, TX</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2015</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">145,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Maui Mall</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Kahului, HI</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 22, 2015</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">235,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">80</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Silverstone Marketplace</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Scottsdale, AZ</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 27, 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">78,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">93</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Kierland Village Center</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Scottsdale, AZ</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">118,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">95</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Timberland Town Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Beaverton, OR</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">92,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">98</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Montecito Marketplace</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Las Vegas, NV</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">August 8, 2017</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">190,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">93</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Milford Crossing</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Milford, MA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">January 29, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">159,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Other Segment:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">South Beach Parking Garage (2)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Miami Beach, FL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">January 28, 2014</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">130,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr style="height:8pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">33</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.808%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.958%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.386%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.339%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.109%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.115%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Percentage Leased&#160;as&#160;of June&#160;30, 2021</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Property Name</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition&#160;Date</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ownership<br/>%</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net&#160;Rentable</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Square Feet</span></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Unconsolidated Properties:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chicago Parking Garage (3)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Chicago, IL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 23, 2014</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">167,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NYC Retail Portfolio (4)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NY/NJ</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 8, 2015</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,938,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pioneer Tower (5)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Portland, OR</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">June 28, 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">296,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">71</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Tremont (1)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Burlington, MA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 19, 2018</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">75</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">175,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">93</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Huntington (1)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Burlington, MA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 19, 2018</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">75</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">115,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">92</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Siena Suwanee Town Center</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Suwanee, GA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">December 15, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">226,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">93</span></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="padding-left:31.5pt;text-indent:-31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:19.84pt">We own a majority interest in the joint venture that owns a fee simple interest in this property.</span></div><div style="padding-left:31.5pt;text-indent:-31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:19.84pt">The parking garage contains 343 stalls.  This property is owned leasehold. </span></div><div style="padding-left:31.5pt;text-indent:-31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:19.84pt">We own a condominium interest in the building that contains a 366 stall parking garage. </span></div><div style="padding-left:31.5pt;text-indent:-31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:19.84pt">We own an approximate 14% interest in a portfolio of eight urban infill retail properties located in the greater New York City area.</span></div><div style="padding-left:31.5pt;text-indent:-31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(5)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:19.84pt">We own a condominium interest in the building that contains a 17 story multi-tenant office property. </span></div><div><span><br/></span></div><div id="ie5281456beca4763989f9512c5f26319_88"></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Operating Statistics</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We generally hold investments in properties with high occupancy rates leased to quality tenants under long-term, non-cancelable leases. We believe these leases are beneficial to achieving our investment objectives. The following table shows our operating statistics by property type for our consolidated properties as of June&#160;30, 2021:</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:32.282%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:16.619%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Number&#160;of<br/>Properties</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total Area<br/>(Sq Ft)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">%&#160;of&#160;Total<br/>Area</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Occupancy&#160;%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Average&#160;Minimum<br/>Base Rent per<br/>Occupied&#160;Sq&#160;Ft&#160;(1)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,358,000&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.05&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,250,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.42&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">976,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.82&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,834,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20.98&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,548,000&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.37&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:6pt;padding-left:31.5pt;text-indent:-31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:19.84pt">Amount calculated as in-place minimum base rent for all occupied space at June&#160;30, 2021 and excludes any straight line rents, tenant recoveries and percentage rent revenues.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June&#160;30, 2021, our average effective annual rent per square foot, calculated as average minimum base rent per occupied square foot less tenant concessions and allowances, was $10.99 for our consolidated properties.</span></div><div id="ie5281456beca4763989f9512c5f26319_91"></div><div style="margin-top:14pt;text-indent:27pt"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">34</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Recent Events and Outlook </span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">COVID-19 Business Outlook</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outbreak of COVID-19 was declared by the World Health Organization as a global health emergency in January 2020 and then as a pandemic in March 2020. COVID-19 has impacted global financial markets, severely restricted international trade and travel, disrupted business operations (in part or in their entirety) and negatively impacted many investment asset classes including real estate. The ongoing outbreak and corollary response could have a material adverse impact on our financial condition and results of operations. The severity of the impact brought on by these disruptions will be different across property types and markets but could have serious negative impacts on all real estate depending on the longer-term economic effects of COVID-19.</span></div><div style="margin-top:9pt;text-indent:13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Rent Collections</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rent collections across our portfolio have continued to improve as most tenants have been able to reopen their businesses and return to normal payment patterns.  Collections have been in the upper 90 percent range, and we have received very few new requests for rent relief over the last two quarters.  Our retail tenants continue to be a slight laggard in collection of outstanding receivables as compared to the other property sectors.</span></div><div style="margin-top:9pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Property Valuations</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property valuations across our portfolio have stabilized, and we are seeing positive valuation increases across our apartment, industrial and healthcare properties driven by good underlying property fundamentals and strong capital markets.  </span></div><div style="margin-top:9pt;text-indent:13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Credit Facility</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 24, 2021, we entered into our Credit Facility providing for a $650,000 revolving line of credit and unsecured term loan made up of a $415,000 Revolving Credit Facility and a $235,000 of Term Loans. The Credit Facility provides us with the ability, from time to time, to increase the size of the Credit Facility up to a total of $800 million, subject to receipt of lender commitments and other conditions. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are in compliance with our debt covenants as of June&#160;30, 2021. We expect to maintain compliance with our debt covenants</span></div><div style="margin-top:9pt;text-indent:13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Liquidity</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June&#160;30, 2021, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">we had in excess of $176,000 in total cash on hand and $550,000 of capacity under our Credit Facility. Looking into 2021, we expect to utilize our cash on hand and Credit Facility capacity to acquire new properties, fund repurchases of our shares and fund quarterly distributions.</span></div><div style="margin-top:9pt;text-indent:13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Share Repurchase Plan</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second quarter</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of 2021, we repurchased $37,341 of our common stock pursuant to our Share Repurchase Plan, which had a quarterly limit of $105,224.  T</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">he quarterly limit on repurchases is calculated as 5% of our NAV as of the last day of the previous quarter.  The limit for the third quarter of 2021</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> is $111,435. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">General Company and Market Commentary</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 6, 2018, the SEC declared our Second Extended Public Offering effective registering up to&#160;$3,000,000&#160;in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to&#160;$2,700,000&#160;of shares offered in our primary offering and up to&#160;$300,000&#160;in shares offered pursuant to our distribution reinvestment plan. We intend to offer shares of our common stock on a continuous basis for an indefinite period of time by filing a new registration statement before the end of each offering period, subject to regulatory approval. The per share purchase price varies from day to day and, on each day, equals our NAV per share for each class of common stock, plus, for Class A and Class A-I shares, applicable selling commissions.  The Dealer Manager is distributing shares of our common stock in our Second Extended Public Offering. We intend to primarily use the net proceeds from the offering, after we pay the fees and expenses attributable to the offerings and our operations, to (1) grow and further diversify our portfolio by making investments in accordance with our investment strategy and policies, (2) reduce borrowings and repay indebtedness incurred under various financing instruments and (3) fund repurchases of our shares under our share repurchase plan.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 3, 2015, we commenced a private offering of up to $350,000 in shares of our Class D common stock with an indefinite duration.  Proceeds from our private offering will be used for the same corporate purposes as the proceeds from the First Extended Public Offering.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">35</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 16, 2019, through our operating partnership, we initiated the DST Program to raise up to $500,000, which our board of directors may increase in its sole discretion, in private placements exempt from registration under the Securities Act through the sale of beneficial interests to accredited investors in specific Delaware statutory trusts holding DST Properties, which may be sourced from our real properties or from third parties.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 4, 2021, we filed a Registration Statement on Form S-11 with the SEC for our Third Extended Public Offering to register a public offering of up to $3,000,000 in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $2,700,000 of shares offered in our primary offering and up to $300,000 in shares offered pursuant to our distribution reinvestment plan. As of August&#160;11, 2021, the Third Extended Public Offering has not been declared effective.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Over the past nine years we have acquired 92 properties (all of these consistent with our investment strategy), sold 38 non-strategic properties, reduced our Company leverage ratio, decreased our average interest rate on debt, and increased cash reserves and Company-wide liquidity, while also providing cash flow to our stockholders through our regular quarterly dividend payments.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Capital Raised and Use of Proceeds</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June&#160;30, 2021, we have raised gross proceeds of over $2,684,000 from our offerings and private share sales since 2012.  We used these proceeds along with proceeds from mortgage debt to acquire approximately $3,129,000 of real estate investments, deleverage the Company by repaying mortgage loans of approximately $647,000 and repurchase shares of our common stock for approximately $850,000. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Property Acquisitions</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 21, 2021, we acquired Louisville Distribution Center, a 1,040,000 square foot industrial property located in Shepherdsville, Kentucky for approximately $95,000. The acquisition was funded with cash on hand.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 2, 2021, we acquired 170 Park Ave, a 147,000 square foot life sciences property located in Florham Park, New Jersey for approximately $46,600. The acquisition was funded with cash on hand.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 23, 2021, we acquired Southeast Phoenix Distribution Center, a four property industrial distribution center totaling 474,000 square feet located in Chandler, Arizona for approximately $91,000. The acquisition was funded with cash on hand. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 3, 2021, we acquired Princeton North Andover, a newly constructed, 192-unit apartment property located in North Andover, Massachusetts, for approximately $72,500. The acquisition was funded with cash on hand. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 24, 2021, we acquired Louisville Airport Distribution Center, a nearly 284,000 square-foot, newly constructed Class A industrial property located in the Southside/Airport industrial submarket for approximately $32,100.  The acquisition was funded with cash on hand. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Property Dispositions</span></div><div style="margin-top:5pt;padding-right:18pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 8, 2021, we sold South Seattle Distribution Center, a 323,000 square foot industrial property located in Seattle, Washington for approximately $72,600 less closing costs and the loan of $17,841 was retired. We recorded a gain on the sale of the property in the amount of $33,580. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Financing</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 10, 2021, we entered into a $34,000 mortgage payable on Whitestown Distribution Center. The mortgage note bears an interest of 2.95% and matures on February 10, 2028. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 8, 2021, we repaid the mortgage note payable related to 140 Park Avenue in the amount of $22,800.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 11, 2021, we entered into a $36,030 mortgage payable on Townlake of Coppell.  The mortgage note bears an interest rate of 2.41% and matures on April 10, 2028. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 17, 2021, we repaid the mortgage note payable related to Monument IV in the amount of $40,000.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 26, 2021, we entered into a $52,250 mortgage payable on Louisville Distribution Center. The mortgage bears an interest rate of 1.76% and matures on May 1, 2026.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">36</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 18, 2021, we entered into a $49,000 mortgage payable on Southeast Phoenix Distribution Center. The mortgage bears an interest rate of 2.70% and matures on June 1, 2028.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 30, 2021, we entered into a $39,900 mortgage payable on Princeton North Andover. The mortgage bears an interest rate of libor + 1.55% (1.65% at June 30, 2021) and matures on June 1, 2028.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Subsequent Events</span></div><div style="margin-top:9pt;padding-right:18pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 2, 2021, we acquired two industrial properties totaling 153,000 square feet located in San Marcos and Poway, California for approximately $36,640. The acquisitions were funded with cash on hand.  </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 9, 2021, we acquired a 130,000 square foot industrial property located in Fremont, California for approximately $32,000 using cash on hand.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 5, 2021, we acquired a 49% interest in GVI RH JV Investor, LLC, which owns a 95% interest in a joint venture, alongside a prominent national single family rental operating company, of a portfolio of approximately 4,000 stabilized single family rental homes located in various markets across the United States, including Atlanta, Dallas, Phoenix, Nashville and Charlotte, among others. The seller will retain a 51% interest. The portfolio is encumbered by RMBS in a net amount of $760,000 maturing in the fourth quarter of 2025 at an interest rate of 2.1%. The equity purchase price is approximately $205,000.  We funded the transaction using cash on hand and a draw on our revolving line of credit.  </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 10, 2021, our board of directors approved a gross dividend for the third quarter of 2021 of $0.135 per share to stockholders of record as of September 24, 2021. The dividend will be paid on or around September 29, 2021.  Class A, Class M, Class A-I, Class M-I and Class D stockholders will receive $0.135 per share, less applicable class-specific fees, if any.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 10, 2021, our board of directors approved increasing our DST Program by an additional $500,000 in private placements through the sale of beneficial interests in specific DST Properties, which may be sourced from our existing portfolio or from newly acquired properties sourced from third parties.</span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Investment Objectives and Strategy</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary investment objectives are:</span></div><div style="margin-top:5pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">to generate an attractive level of current income for distribution to our stockholders;</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">to preserve and protect our stockholders' capital investments;</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">to achieve appreciation of our NAV over time; and</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">to enable stockholders to utilize real estate as an asset class in diversified, long-term investment portfolios.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We cannot ensure that we will achieve our investment objectives.  Our charter places numerous limitations on us with respect to the manner in which we may invest our funds.  In most cases, these limitations cannot be changed unless our charter is amended, which may require the approval of our stockholders.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The cornerstone of our investment strategy is to acquire and manage income-producing commercial real estate properties and real estate-related assets around the world. We believe this strategy enables us to provide our stockholders with a portfolio that is well-diversified across property type, geographic region and industry, both in the United States and internationally. It is our belief that adding international investments to our portfolio over time will serve as an effective tool to construct a well-diversified portfolio designed to provide our stockholders with stable distributions and attractive long-term risk-adjusted returns.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe that our broadly diversified portfolio benefits our stockholders by providing:</span></div><div style="margin-top:5pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">diversification of sources of income;</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">access to attractive real estate opportunities currently in the United States and, over time, around the world; and</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">exposure to a return profile that should have lower correlations with other investments. </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since real estate markets are often cyclical in nature, our strategy allows us to more effectively deploy capital into property types and geographic regions where the underlying investment fundamentals are relatively strong or strengthening and away from those property types and geographic regions where such fundamentals are relatively weak or weakening. We intend to meet our investment objectives by selecting investments across multiple property types and geographic regions to achieve portfolio stability, diversification, current income and favorable risk-adjusted returns. To a lesser degree, we also </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">37</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">intend to invest in debt and equity interests backed principally by real estate, which we refer to collectively as &#8220;real estate-related assets.&#8221;</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We will leverage LaSalle's broad commercial real estate research and strategy platform and resources to employ a research-based investment philosophy focused on building a portfolio of commercial properties and real estate-related assets that we believe has the potential to provide stable income streams and outperform market averages over an extended holding period.  Furthermore, we believe that having access to LaSalle and JLL's international organization and platform, with real estate professionals living and working full time throughout our global target markets, will be a valuable resource to us when considering and executing upon international investment opportunities. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our board of directors has adopted investment guidelines for our Advisor to implement and actively monitor in order to allow us to achieve and maintain diversification in our overall investment portfolio. Our board of directors formally reviews our investment guidelines on an annual basis and our investment portfolio on a quarterly basis or, in each case, more often as they deem appropriate. Our board of directors reviews the investment guidelines to ensure that the guidelines are being followed and are in the best interests of our stockholders.  Each such determination and the basis therefor shall be set forth in the minutes of the meetings of our board of directors.  Changes to our investment guidelines must be approved by our board of directors but do not require notice to or the vote of stockholders.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We seek to invest:</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">up to 95% of our assets in properties;</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">up to 25% of our assets in real estate-related assets; and</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">up to 15% of our assets in cash, cash equivalents and other short-term investments.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Notwithstanding the above, the actual percentage of our portfolio that is invested in each investment type may from time to time be outside these target levels due to numerous factors including, but not limited to, large inflows of capital over a short period of time, lack of attractive investment opportunities or increases in anticipated cash requirements for repurchase requests. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We expect to maintain a targeted Company leverage ratio (calculated as our share of total liabilities divided by our share of the fair value of total assets) of between 30% and 50%.  We intend to use low leverage, or in some cases possibly no leverage, to finance new acquisitions in order to maintain our targeted Company leverage ratio. Our Company leverage ratio was 33% as of June&#160;30, 2021.  </span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">2021 Key Initiatives</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A short-term initiative is to continue monitoring the status of COVID-19 guidance and its impact on our properties. During the remainder of 2021, we intend to use capital raised from our public and private offerings and the DST Program to acquire new investment opportunities,  repurchasing stock under our share repurchase plan, and fund quarterly distributions.  We look to make investments that fit with our investment objectives and guidelines.  Likely investment candidates may include well-located, well-leased apartment properties, industrial properties, medical office properties, single family rentals and public REIT securities.  We will also attempt to further our geographic diversification.  We will use debt financing to take advantage of the current favorable interest rate environment, while looking to keep the Company leverage ratio in the 30% to 50% range in the near term consistent with traditional core real estate.  We also intend to use our Revolving Credit Facility to allow us to efficiently manage our cash flows.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">38</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_94"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Results of Operations</span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">General </span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our revenues are primarily received from tenants in the form of fixed minimum base rents and recoveries of operating expenses. Our expenses primarily relate to the costs of operating and financing the properties. Our share of the net income or net loss from our unconsolidated real estate affiliates is included in income from unconsolidated affiliates and fund investments. We believe the following analysis of reportable segments provides important information about the operating results of our real estate investments, such as trends in total revenues or operating expenses that may not be as apparent in a period-over-period comparison of the entire Company.  We group our investments in real estate assets from continuing operations into five reportable operating segments based on the type of property, which are apartment, industrial, office, retail and other.  Operations from corporate level items and real estate assets sold are excluded from reportable segments. </span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Properties acquired or sold during any of the periods presented are presented within the recent acquisitions and sold properties line. The properties currently presented within the recent acquisitions and sold properties line include the properties listed as either acquired or sold in the Management Overview section above. Properties owned for the six months ended June&#160;30, 2021 and 2020 are referred to as our comparable properties. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Results of Operations for the Three Months Ended June&#160;30, 2021 and 2020  </span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenues</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following chart sets forth revenues by reportable segment for the three months ended June 30, 2021 and 2020:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:44.794%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.017%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.312%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$<br/>&#160;Change</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">%<br/>Change</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Revenues:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Rental revenue</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,085&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,137&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(52)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.3)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,272&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,088&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,184&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,026&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,027&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,332&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,738&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,594&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17.3)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comparable properties total</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,777&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,065&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,712&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.4&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recent acquisitions and sold properties</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,761&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,418&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,343&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">127.1&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total rental revenue</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">52,538</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">45,483</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7,055</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">15.5</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other revenue</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">964&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">728&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">236&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32.4&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15.4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">177&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">796&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">642&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">416.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comparable properties total</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,136&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,173&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">963&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">82.1&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recent acquisitions and sold properties</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,372&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,112&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">428&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total other revenue</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3,508</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,433</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2,075</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">144.8</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total revenues</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">56,046</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">46,916</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9,130</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">19.5</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr></table></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rental revenues at comparable properties increased $2,712 for the three months ended June&#160;30, 2021 as compared to the same period in 2020.  The increase of $1,594 within our retail segment was primarily related to an increase in collections from tenants which experienced a decrease in operations from COVID-19 in 2020.  The increase in rental revenue from our industrial properties is primarily related to $763 of rent collections at Norfleet Distribution Center and $207 at Taunton Distribution Center due to higher occupancy during the three months ended June 30, 2021 as compared to the same period of 2020. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other revenues relate mainly to parking and nonrecurring revenue such as lease termination fees. Other revenue at comparable properties increased by $963 for the three months ended June&#160;30, 2021 as compared to the same period in 2020. The increase is primarily related to $642 of higher parking revenue at our parking garage in South Beach due to the travel and </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">shelter in place orders placed on the city of South Beach during the three months ended June 30, 2020, which greatly reduced our revenue during that period.  The increase of $236 in our apartment segment is primarily related to increases in parking revenue, lease termination fees and insurance reimbursements across several properties during the three months ended June 30, 2021.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Operating Expenses</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following chart sets forth real estate taxes and property operating expenses by reportable segment, for the three months ended June 30, 2021 and 2020:</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:39.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.805%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$<br/>&#160;Change</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">%<br/>Change</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating expenses:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate taxes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,969&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,935&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,014&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,908&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">631&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,533&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,318&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">215&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">122&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comparable properties total</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,269&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,856&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">413&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.0&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recent acquisitions and sold properties</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">936&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">450&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">486&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total real estate taxes</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8,205</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7,306</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">899</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.3</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property operating expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,956&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,548&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">408&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.0&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,014&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">976&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">962&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">920&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,122&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,588&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">534&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">152&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20.4&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comparable properties total</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,237&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,184&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,053&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.9&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recent acquisitions and sold properties</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">957&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">637&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">320&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50.2&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total property operating expenses</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10,194</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8,821</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,373</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">15.6</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total operating expenses</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">18,399</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">16,127</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2,272</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">14.1</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr></table></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Real estate taxes at comparable properties increased by $413 for the three months ended June&#160;30, 2021 as compared to the same period in 2020.  Our properties are reassessed periodically by the taxing authorities, which may result in increases or decreases in the real estates taxes that we owe. Overall, we expect real estate taxes to increase over time; however, we utilize real estate tax consultants to attempt to control assessment increases. The overall increase is primarily related to a reassessment at Grand Lakes Marketplace and Taunton Distribution Center resulting in higher real estate tax expense during the three months ended June 30, 2021.  In addition to the reassessments, we experienced an increase of $117 during the three months ended June 30, 2021 at Whitestone Marketplace for taxes we now pay, and recover from tenants, that were previously billed directly to tenants.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property operating expenses consist of the costs of ownership and operation of the real estate investments, many of which are recoverable under net leases.  Examples of property operating expenses include insurance, utilities and repair and maintenance expenses.  Property operating expenses at comparable properties increased $1,053 for the three months ended June&#160;30, 2021 as compared to the same period in 2020. The primary increase occurred within our retail segment where various increases in utilities occurred during the three months ended June 30, 2021 as compared to the same period in 2020.  The increases occurring within our apartment segment during the three months ended June 30, 2021 as compared to the same period in 2020 were related to turnover costs, repairs and maintenance and utilities.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">40</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following chart sets forth expenses not directly related to the operations of the reportable segments for the three months ended June 30, 2021 and 2020:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:50.290%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.223%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.416%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.420%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$<br/>&#160;Change</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">%<br/>&#160;Change</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property general and administrative</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(184)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(517)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(155.3)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Advisor fees</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,749&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,279&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">470&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Company level expenses</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">990&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">594&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">396&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66.7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,218&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,564&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,654&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,288&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,265&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,023&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.0&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss from unconsolidated affiliates and fund investments</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,412&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,970&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,558)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(39.2)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total expenses</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,473&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,005&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,468&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.3&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="margin-top:9pt;padding-right:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property general and administrative expenses relate mainly to property expenses unrelated to the operations of the property. Property general and administrative expenses decreased during the three months ended June&#160;30, 2021 as compared to the same period in 2020 primarily due to a partial recovery of a deposit for an unsuccessful acquisition received during 2021.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Advisor fees relate to the fixed advisory and performance fees earned by the Advisor. Fixed fees increase or decrease based on changes in our NAV, which is primarily impacted by changes in capital raised and the value of our properties. The performance fee is accrued when the total return per share for a share class exceeds 7% for that calendar year, and in such years our Advisor will receive 10% of the excess total return above the 7% threshold.  The increase in advisor fees of $470 for the three months ended June&#160;30, 2021 as compared to the same period in 2020 is related to the increase in our NAV primarily attributable to increases in property values and capital raised in the current year.</span></div><div style="margin-top:9pt;padding-right:4.5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company level expenses relate mainly to our compliance and administration related costs.  The increase of $396 in company level expenses for the three months ended June&#160;30, 2021 is primarily related to timing of professional fees. </span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation and amortization expense is impacted by the values assigned to buildings, personal property and in-place lease assets as part of the initial purchase price allocation. The increase of $2,654 in depreciation and amortization expense for the three months ended June&#160;30, 2021 as compared to the same period in 2020 was primarily related to the acquisition of new properties.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest expense increased by $1,023 for the three months ended June&#160;30, 2021 as compared to the same period in 2020 primarily as a result of a $1,414 of increased interest expense from new mortgage notes payable placed on several assets in 2020 and 2021 and interest expense on the financial obligations related to the DST Program.  Offsetting this increase is a decrease of $843 in the fair value of our interest rate swaps during the three months ended June 30, 2021 as compared to the same period of 2020. </span></div><div style="margin-top:9pt;padding-right:4.5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Loss from unconsolidated affiliates and fund investments relates to the income from Chicago Parking Garage, Pioneer Tower, The Tremont, The Huntington and Siena Suwanee Town Center as well as changes in fair value and operating distributions received from our investment in the NYC Retail Portfolio. During the three months ended June&#160;30, 2021, we recorded a $1,118 decrease in the fair value of our investment in the NYC Retail Portfolio as compared to an $3,352 decrease in the fair value during the same period of 2020. </span></div><div style="margin-top:9pt;padding-right:4.5pt;text-indent:22.5pt"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">41</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_97"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Results of Operations for the Six Months Ended June 30, 2021 and 2020 </span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenues</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following chart sets forth revenues by reportable segment, for the six months ended June 30, 2021 and 2020:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.075%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$<br/>&#160;Change</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">%<br/>Change</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Revenues:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Rental revenue</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,933&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,482&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(549)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,807&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,159&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,648&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,966&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,280&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(314)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3.1)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,290&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,352&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">938&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">144&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(51)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(35.4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comparable properties total</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89,089&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86,417&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,672&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recent acquisitions and sold properties</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,180&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,983&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,197&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">137.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total rental revenue</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">103,269</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">92,400</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10,869</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">11.8</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other revenue</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,722&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,514&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">208&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13.7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(98)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(73.7)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">474&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">411&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15.3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">171&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,427&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">605&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">822&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">135.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:54pt;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comparable properties total</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,834&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,834&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35.3&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recent acquisitions and sold properties</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,524&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">342&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,182&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">345.6&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total other revenue</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5,358</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3,176</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2,182</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">68.7</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total revenues</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">108,627</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">95,576</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">13,051</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">13.7</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr></table></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rental revenue at comparable properties increased by $2,672 for the six months ended June 30, 2021 as compared to the same period in 2020.  The increase in rental revenue from our industrial properties is primarily related to $1,710 of rent collections at Norfleet Distribution Center and $502 at Taunton Distribution Center due to higher occupancy during the six months ended June 30, 2021 as compared to the same period of 2020. The increase of $938 within our retail segment was primarily related to an increase in collections from tenants which experienced a decrease in operations from COVID-19 in 2020. The decrease of $549 within the apartment segment was primarily related to a reduction in rental rates at 180 North Jefferson as well as lower rental revenue due to uncertainty of collectibility from certain tenants during the six months ended June 30, 2021 as compared to the same period of 2020.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other revenues relate mainly to parking and nonrecurring revenue such as lease termination fees. Other revenue at comparable properties increased by $1,000 for the six months ended June 30, 2021 as compared to the same period in 2020.  The increase is primarily related to $822 of higher parking revenue at our parking garage in South Beach primarily due to the travel and shelter in place orders placed on the city of South Beach during the six months ended June 30, 2020, which greatly reduced our revenue during that period. </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">42</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Operating Expenses</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following chart sets forth real estate taxes, property operating expenses and provisions for doubtful accounts by reportable segment, for the six months ended June 30, 2021 and 2020:</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:39.689%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$<br/>&#160;Change</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">%<br/>Change</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating expenses:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate taxes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,080&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,833&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">247&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,096&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,863&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">233&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.0&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,201&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,319&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(118)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8.9)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,057&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,845&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">212&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">237&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comparable properties total</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,671&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,032&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">639&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.6&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recent acquisitions and sold properties</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,620&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">815&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">805&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98.8&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total real estate taxes</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">16,291</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">14,847</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,444</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.7</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property operating expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartment</span></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,787&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,254&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">533&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,115&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,911&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">204&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,956&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,852&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail </span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,044&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">634&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">377&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">360&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:54pt;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comparable properties total</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,279&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,787&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,492&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.9&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recent acquisitions and sold properties</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,826&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">792&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,034&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130.6&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total property operating expenses</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">20,105</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">17,579</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2,526</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">14.4</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total operating expenses</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">36,396</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">32,426</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3,970</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</span></td></tr></table></div><div style="margin-top:9pt;padding-right:11.25pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Real estate taxes at comparable properties increased by $639 for the six months ended June 30, 2021 as compared to the same period in 2020. Our properties are reassessed periodically by the taxing authorities, which may result in increases or decreases in the real estates taxes that we owe. Overall, we expect real estate taxes to increase over time; however, we utilize real estate tax consultants to attempt to control assessment increases. </span></div><div style="margin-top:9pt;padding-right:4.5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property operating expenses consist of the costs of ownership and operation of the real estate investments, many of which are recoverable under net leases. Examples of property operating expenses include insurance, utilities and repair and maintenance expenses. Property operating expenses at comparable properties were in line with the prior year. The primary increase that occurred within our retail segment was related to increases in utilities during the six months ended June 30, 2021 as compared to the same period in 2020.  The other increases occurring within our apartment segment during the six months ended June 30, 2021 as compared to the same period in 2020 were related to turnover costs, repairs and maintenance and utilities.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">43</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following chart sets forth expenses not directly related to the operations of the reportable segments for the six months ended June 30, 2021 and 2020</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">: </span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:50.073%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.286%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$<br/>&#160;Change</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">%<br/>&#160;Change</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property general and administrative</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">476&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,881&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,405)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(83.5)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Advisor fees</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,074&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,857&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">217&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Company level expenses</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,548&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">635&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.0&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,163&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,620&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,543&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,550&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,250)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17.9)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss from unconsolidated affiliates and fund investments</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,751&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,897&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,146)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(78.7)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on disposition of property and extinguishment of debt, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(33,422)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,708)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,714)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,856.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total expenses (income)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,775&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89,895&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,120)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(49)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:9pt;padding-right:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property general and administrative expenses relate mainly to property expenses unrelated to the operations of the property. Property general and administrative expenses decreased for the six months ended June 30, 2021 as compared to the same period in 2020 due to expenses incurred for unsuccessful acquisitions in 2020 and a partial recovery of a deposit for an unsuccessful acquisition received in 2021.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Advisor fees relate to the fixed advisory and performance fees earned by the Advisor. Fixed fees increase or decrease based on changes in our NAV, which will be primarily impacted by changes in capital raised and the value of our properties.  The performance fee is accrued when the total return per share for a share class exceeds 7% for that calendar year, where in our Advisor will receive 10% of the excess total return above the 7% threshold.  The increase in advisor fees of $217 for the six months ended June 30, 2021 as compared to the same period of 2020 is related to the increase in our NAV attributable to capital raised and increase in property values over during the current year. </span></div><div style="margin-top:9pt;padding-right:4.5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company level expenses relate mainly to our compliance and administration related costs. Company level expenses increased $635 for the six months ended June 30, 2021 as compared to the same period in 2020 primarily related to timing of professional service fees.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation and amortization expense is impacted by the values assigned to buildings, personal property and in-place lease assets as part of the initial purchase price allocation. Depreciation and amortization expense for the six months ended June 30, 2021 as compared to the same period in 2020 increased as additional expense from acquisitions offset lower expenses from property dispositions.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest expense decreased by $4,250 for the six months ended June 30, 2021 as compared to the same period in 2020 as a result of unrealized gains on our interest rate swaps in 2021 as opposed to unrealized losses in 2020.  This decrease is offset by an increase in interest expense from new mortgage notes payable placed on several assets in 2020 and 2021 and interest expense on the financial obligations related to the DST Program.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Loss from unconsolidated affiliates and fund investments relates to the income from Chicago Parking Garage, Pioneer Tower, The Tremont and The Huntington as well as changes in fair value and operating distributions received from our investment in the NYC Retail Portfolio. During the six months ended June 30, 2021, we recorded a $36 decrease in the fair value in the NYC Retail Portfolio as compared to a $12,088 decrease in the fair value during the same period of 2020.  </span></div><div style="margin-top:9pt;padding-right:4.5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gain on disposition of property and extinguishment of debt, net increased due to a $33,580 gain on the sale of South Seattle Distribution Center, which occurred during the six months ended June 30, 2021.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_100"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Funds From Operations</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Consistent with real estate industry and investment community preferences, we consider funds from operations ("FFO") as a supplemental measure of the operating performance for a real estate investment trust and a complement to GAAP measures because it facilitates an understanding of the operating performance of our properties. The National Association of Real Estate Investment Trusts ("NAREIT") defines FFO as net income (loss) attributable to the Company (computed in accordance with GAAP), excluding gains or losses from cumulative effects of accounting changes, extraordinary items, impairment write-downs of depreciable real estate and sales of properties, plus real estate related depreciation and amortization and after adjustments for these items related to noncontrolling interests and unconsolidated affiliates.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">FFO does not give effect to real estate depreciation and amortization because these amounts are computed to allocate the cost of a property over its useful life.   We also use Adjusted FFO ("AFFO") as a supplemental measure of operating performance.  We define AFFO as FFO adjusted for straight-line rental income, amortization of above- and below-market leases, amortization of net discount on assumed debt, gains or losses on the extinguishment and modification of debt, performance fees based on the investment returns on shares of our common stock and acquisition expenses. Because values for well-maintained real estate assets have historically increased or decreased based upon prevailing market conditions, we believe that FFO and AFFO provide investors with an additional view of our operating performance.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In order to provide a better understanding of the relationship between FFO, AFFO and GAAP net income, the most directly comparable GAAP financial reporting measure, we have provided reconciliations of GAAP net income attributable to Jones Lang LaSalle Income Property Trust, Inc. to FFO, and FFO to AFFO. FFO and AFFO do not represent cash flow from operating activities in accordance with GAAP, should not be considered alternatives to GAAP net income and are not measures of liquidity or indicators of the Company's ability to make cash distributions. We believe that to more comprehensively understand our operating performance, FFO and AFFO should be considered along with the reported net income attributable to Jones Lang LaSalle Income Property Trust, Inc. and our cash flows in accordance with GAAP, as presented in our consolidated financial statements.  Our presentations of FFO and AFFO are not necessarily comparable to the similarly titled measures of other REITs due to the fact that not all REITs use the same definitions.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents a reconciliation of the most comparable GAAP amount of net income attributable to Jones Lang LaSalle Income Property Trust, Inc. to NAREIT FFO for the periods presented:</span></div><div style="margin-top:14pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.740%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.088%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.524%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.524%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.494%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.524%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.498%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Reconciliation of GAAP net (loss) income to NAREIT FFO</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net (loss) income attributable to Jones Lang LaSalle Income Property Trust, Inc. Common Stockholders </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,777)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,204)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26,328&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(26,753)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Real estate depreciation and amortization </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24,849&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,820&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48,271&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">42,088&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss (gain) on disposition of property and unrealized gain on investment in unconsolidated real estate affiliate </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,110&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,352&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(33,306)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,441&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NAREIT FFO attributable to Jones Lang LaSalle Income Property Trust, Inc. Common Stockholders</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,182&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,968&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">41,293&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25,776&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Weighted average shares outstanding, basic and diluted </span></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">181,126,712&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">170,103,439&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">177,963,466&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">171,423,839&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NAREIT FFO per share, basic and diluted </span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.12&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.09&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.23&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.15&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:6pt;padding-left:31.5pt;text-indent:-31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Excludes amounts attributable to noncontrolling interests and includes our ownership share of both consolidated properties and unconsolidated real estate affiliates.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">45</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe AFFO is useful to investors because it provides supplemental information regarding the performance of our portfolio over time. </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents a reconciliation of NAREIT FFO to AFFO for the periods presented:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.885%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.798%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.524%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.653%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.524%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.494%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.524%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.498%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Reconciliation of NAREIT FFO to AFFO</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NAREIT FFO attributable to Jones Lang LaSalle Income Property Trust, Inc. Common Stockholders</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,182&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,968&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">41,293&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25,776&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Straight-line rental income </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,033)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(438)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,628)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(171)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Amortization of above- and below-market leases </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(818)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(733)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,580)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,357)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Amortization of net discount on assumed debt </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(58)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(27)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(116)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(54)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Gain) loss on derivative instruments and extinguishment or modification of debt </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(840)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,616)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,304&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjustment for investment accounted for under the fair value option </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">255&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">724&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">699&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,375&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Acquisition expenses</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(707)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(599)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,080&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">AFFO attributable to Jones Lang LaSalle Income Property Trust, Inc. Common Stockholders</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,981&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,540&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,453&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33,953&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Weighted average shares outstanding, basic and diluted </span></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">181,126,712&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">170,103,439&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">177,963,466&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">171,423,839&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">AFFO per share, basic and diluted </span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.09&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.20&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.20&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:6pt;padding-left:31.5pt;text-indent:-31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Excludes amounts attributable to noncontrolling interests and includes our ownership share of both consolidated properties and unconsolidated real estate affiliates.</span></div><div style="margin-top:6pt;padding-left:31.5pt;text-indent:-31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2)&#160;&#160;&#160;&#160;Represents the normal and recurring AFFO reconciling adjustments for the NYC Retail Portfolio.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">46</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_106"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NAV as of June&#160;30, 2021 </span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides a breakdown of the major components of our NAV as of June&#160;30, 2021:</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.857%"><tr><td style="width:1.0%"></td><td style="width:24.434%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.312%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.312%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.882%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.310%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.740%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.745%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">June 30, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Component of NAV</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A-I Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M-I Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class D Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate investments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1)</span></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,515,634&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">574,048&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">157,089&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">648,087&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">122,903&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,017,761&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Debt</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(489,575)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(185,427)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(50,742)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(209,343)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(39,700)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(974,787)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other assets and liabilities, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,283&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,331&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,668&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,888&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,565&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">185,735&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated enterprise value premium</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NAV</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,119,342&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">423,952&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116,015&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">478,632&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,768&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,228,709&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number of outstanding shares</span></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,740,925&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,056,224&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,584,832&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,559,491&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,513,281&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NAV per share</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.07&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.09&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.08&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:6pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">The value of our real estate investments was greater than the historical cost by 5.4% as of June&#160;30, 2021.</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The following table provides a breakdown of the major components of our NAV as of December&#160;31, 2020:</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.857%"><tr><td style="width:1.0%"></td><td style="width:24.434%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.312%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.312%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.882%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.310%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.740%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.513%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.745%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Component of NAV</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class A-I Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class M-I Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Class D Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate investments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1)</span></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,464,376&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">582,651&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">157,468&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">544,201&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81,029&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,829,725&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Debt</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(472,476)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(187,990)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(50,807)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(175,584)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26,144)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(913,001)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other assets and liabilities, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,023&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,107&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,165&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,846&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,658&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,799&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated enterprise value premium</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None <br/>assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None assumed</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NAV</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,039,923&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">413,768&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">111,826&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">386,463&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,543&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,009,523&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number of outstanding shares</span></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89,671,096&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,612,156&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,616,299&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,247,001&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,957,915&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NAV per share</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.60&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.62&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.63&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.62&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.61&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:6pt;padding-left:22.5pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.84pt">The value of our real estate investments was greater than the historical cost by 2.6% as of December&#160;31, 2020.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The increase in NAV per share from December 31, 2020 to June&#160;30, 2021, was related to a net increase of 3.7% in the value of our portfolio.  Property operations for the six months ended June 30, 2021 had an insignificant impact on NAV as dividends declared offset property operations for the period.  Our NAV for the different share classes is reduced by normal and recurring class-specific fees and offering and organization costs.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following are key assumptions (shown on a weighted-average basis) that are used in the discounted cash flow models to estimate the value of our real estate investments as of June&#160;30, 2021:</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.715%"><tr><td style="width:1.0%"></td><td style="width:37.042%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.757%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.471%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.618%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Apartment</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Industrial</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Office</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Retail</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Other</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:700;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total<br/>Company</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exit capitalization rate</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.91&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.28&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.68&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.50&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.25&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.30&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate/internal rate of return (IRR)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.12&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.91&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.46&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.37&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.80&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.20&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annual market rent growth rate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.04&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.78&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.53&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.07&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.90&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Holding period (years)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.26&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.14&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:6pt;padding-left:22.5pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Other includes two standalone parking garages.  South Beach Parking Garage is subject to a ground lease and the appraisal incorporates discounted cash flows over its remaining lease term and therefore does not utilize an exit capitalization rate.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">47</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following are key assumptions (shown on a weighted-average basis) that are used in the discounted cash flow models to estimate the value of our real estate investments as of December&#160;31, 2020:</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.715%"><tr><td style="width:1.0%"></td><td style="width:36.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.757%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.471%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.800%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.617%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Apartment</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Industrial</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Office</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Retail</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Other </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:700;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total<br/>Company</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exit capitalization rate</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.09&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.44&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.72&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.56&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.25&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.43&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate/internal rate of return (IRR)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.35&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.50&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.38&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.78&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.30&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annual market rent growth rate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.03&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.96&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.80&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.50&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.83&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Holding period (years)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.81&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.15&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-top:6pt;padding-left:22.5pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Other includes Chicago and South Beach parking garages.  South Beach Parking Garage is subject to a ground lease, the appraisal incorporates discounted cash flows over its remaining lease term and therefore does not utilize an exit capitalization rate.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span><br/></span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While we believe our assumptions are reasonable, a change in these assumptions would impact the calculation of the value of our real estate investments. For example, assuming all other factors remain unchanged, the changes listed below would result in the following effects on our real estate investment value:</span></div><div style="margin-bottom:5pt;margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.715%"><tr><td style="width:1.0%"></td><td style="width:49.328%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.046%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Input</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December&#160;31, 2020</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount Rate - weighted average</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.25% increase</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.0)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.0)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exit Capitalization Rate - weighted average</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.25% increase</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3.0)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.9)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annual market rent growth rate - weighted average</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.25% decrease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.6)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.5)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair value of our mortgage notes and other debt payable was estimated to be approximately $38,320 and $43,959 higher than the carrying values at June&#160;30, 2021 and December&#160;31, 2020, respectively. The NAV per share would have decreased by $0.18 and $0.26 per share at June&#160;30, 2021 and December&#160;31, 2020, respectively, if we were to have included the fair value of our mortgage notes and other debt payable in our methodology to determine NAV.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The selling commission and dealer manager fee are offering costs and are recorded as a reduction of capital in excess of par value.  Selling commissions are paid on the date of sale of our common stock.  We accrue all future dealer manager fees up to the ten percent regulatory limit on the date of sale of our common stock.  For NAV calculation purposes, dealer manger fees are accrued daily, on a continuous basis equal to 1/365th of the stated fee.  Dealer manager fees payable are included in accrued offering costs on our Consolidated Balance Sheets.&#160; Dealer manager fees payable as of June&#160;30, 2021 and December&#160;31, 2020 were $114,498 and $105,770, respectively.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">48</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table reconciles stockholders' equity per our Consolidated Balance Sheet to our NAV:</span></div><div style="margin-bottom:5pt;margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.857%"><tr><td style="width:1.0%"></td><td style="width:79.927%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.873%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">June 30, 2021</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stockholders' equity under GAAP</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,527,832&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjustments:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued dealer manager fees </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112,110&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Organization and offering costs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">478&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unrealized real estate appreciation </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">209,722&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated depreciation, amortization and other </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">378,567&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NAV</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,228,709&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:22.5pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Accrued dealer manager fees represents the accrual for future dealer manager fees for Class A, Class M and Class A-I shares. We accrue all future dealer manager fees up to the ten percent regulatory limit on the date of sale of our common stock as an offering cost.&#160; For NAV calculation purposes, dealer manger fees are accrued daily, on a continuous basis equal to 1/365th of the stated fee.  </span></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:22.5pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2)&#160;&#160;&#160;&#160;The Advisor advanced organization and offering costs on our behalf through July 6, 2018. Such costs are reimbursed to the Advisor ratably over 36 months through July 5, 2021. Under GAAP, organization costs are expensed as incurred and offering costs are charged to equity as such amounts are incurred. For NAV, such costs are recognized as a reduction to NAV ratably over 36 months.</span></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:22.5pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3)&#160;&#160;&#160;&#160;Our investments in real estate are presented under historical cost in our GAAP Consolidated Financial Statements. As such, any increases in the fair market value of our investments in real estate are not included in our GAAP results. For purposes of determining our NAV, our investments in real estate are recorded at fair value.</span></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:22.5pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4)&#160;&#160;&#160;&#160;We depreciate our investments in real estate and amortize certain other assets and liabilities in accordance with GAAP. Such depreciation and amortization is not recorded for purposes of determining our NAV.  Additionally, we make other fair value adjustments to our NAV to account for differences with historical cost GAAP; an example would be straight-line rent revenue. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Limitations and Risks</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As with any valuation methodology, our methodology is based upon a number of estimates and assumptions that may not be accurate or complete.  Our valuation methodology may not result in the determination of the fair value of our net assets as our mortgage notes and other debt payable are valued at cost.  Different parties with different assumptions and estimates could derive a different NAV per share. Accordingly, with respect to our NAV per share, we can provide no assurance that:</span></div><div style="margin-top:9pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">a stockholder would be able to realize this NAV per share upon attempting to resell his or her shares;</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">we would be able to achieve for our stockholders the NAV per share upon a listing of our shares of common stock on a national securities exchange, selling our real estate portfolio or merging with another company; or</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the NAV per share, or the methodologies relied upon to estimate the NAV per share, will be found by any regulatory authority to comply with any regulatory requirements.</span></div><div style="margin-top:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Furthermore, the NAV per share was calculated as of a particular point in time. The NAV per share will fluctuate over time in response to, among other things, changes in real estate market fundamentals, capital markets activities and attributes specific to the properties and leases within our portfolio.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">49</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_109"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Liquidity and Capital Resources </span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary uses and sources of cash are as follows: </span></div><div style="margin-top:10pt;text-align:center;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:0.1%"></td><td style="width:2.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.484%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.703%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:44.729%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Uses</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sources</span></td></tr><tr style="height:14pt"><td colspan="6" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-term liquidity and capital needs such as:</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash flow, including the receipt of distributions of our share of cash flow produced by our unconsolidated real estate affiliates and fund investment</span></td></tr><tr style="height:17pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest payments on debt</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Distributions to stockholders</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from secured loans collateralized by individual properties</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fees payable to our Advisor</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minor improvements made to individual properties that are not recoverable through expense recoveries or common area maintenance charges to tenants</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from our Revolving Credit Facility</span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales of our shares</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative costs</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales of real estate investments</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Costs associated with capital raising in our continuous public offering, private offering and DST Program</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from our private offering </span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other Company level expenses</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Draws from lender escrow accounts</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lender escrow accounts for real estate taxes, insurance, and capital expenditures</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales of beneficial interests in the DST Program</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fees payable to our Dealer Manager</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Longer-term liquidity and capital needs such as:</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisitions of new real estate investments</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expansion of existing properties</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Tenant improvements and leasing commissions</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Debt repayment requirements, including both principal and interest</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Repurchases of our shares pursuant to our share repurchase plan</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fees payable to our Advisor</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8226;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fees payable to our Dealer Manager</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The sources and uses of cash for the six months ended June 30, 2021 and 2020 were as follows:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:53.432%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.835%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.689%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.184%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$ Change</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash provided by operating activities</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,192&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,056&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,136&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash used in investing activities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(281,555)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(102,609)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(178,946)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash provided by financing activities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">356,555&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">183,366&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,189&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net cash provided by operating activities increased by $8,136 for the six months ended June 30, 2021 as compared to the same period in 2020.  The increase in cash from operating activities is primarily due to new acquisitions as well as increased rent collections from several tenants primarily in our retail segment.  </span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net cash used in investing activities increased by $178,946 for the six months ended June 30, 2021 as compared to the same period in 2020.  The increase was primarily related to increased acquisitions made during the six months ended June 30, 2021 as compared to the same period in 2020, offset partially by the cash received from the sale of South Seattle Distribution Center in the first quarter of 2021.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net cash provided by financing activities increased by $173,189 for the six months ended June 30, 2021 as compared to the same period in 2020.  The change is primarily related to a $154,620 increase in stock issuance during the six months ended June 30, 2021 as compared to the same period in 2020. Additionally, less cash was used for repurchases of common stock during the six months ended June 30, 2021 as compared to the same period in 2020. </span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_112"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Financing</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have relied primarily on fixed-rate financing, locking in what were favorable spreads between real estate income yields and mortgage interest rates and have tried to maintain a balanced schedule of debt maturities. We also use interest rate derivatives to manage our exposure to interest rate movements on our variable rate debt. The following consolidated debt table provides information on the outstanding principal balances and the weighted average interest rates at June&#160;30, 2021 and December&#160;31, 2020:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.519%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.718%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Consolidated Debt</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">June 30, 2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Principal<br/>Balance</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Weighted Average Interest&#160;Rate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Principal<br/>Balance</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Weighted Average Interest&#160;Rate</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">977,025&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.19&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">871,043&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.53&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,900&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.65&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,016,925&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.13&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">871,043&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.53&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Covenants</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June&#160;30, 2021, we were in compliance with all debt covenants.   </span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Other Sources</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July&#160;6, 2018, our Second Extended Public Offering registration statement was declared effective with the SEC (Commission File No. 333-222533) to register up to $3,000,000 in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $2,700,000 of shares offered in our primary offering and up to $300,000 in shares offered pursuant to our distribution reinvestment plan. We intend to offer shares of our common stock on a continuous basis for an indefinite period of time by filing a new registration statement before the end of each three-year offering period, subject to regulatory approval. We intend to use the net proceeds from the Second Extended Public Offering, which are not used to pay the fees and other expenses attributable to our operations, to (1)&#160;grow and further diversify our portfolio by making investments in accordance with our investment strategy and policies, (2)&#160;repay indebtedness incurred under various financing instruments and (3)&#160;fund repurchases under our share repurchase plan. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 3, 2015, we commenced the Private Offering of up to $350,000 in shares of our Class D common stock with an indefinite duration. Proceeds from our Private Offering will be used for the same corporate purposes as the proceeds of our First Extended Public Offering.  We will reserve the right to terminate the Private Offering at any time and to extend the Private Offering term to the extent permissible under applicable law.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 16, 2019,&#160;through our operating partnership, we initiated the DST Program to raise up to $500,000, which our board of directors may increase in its sole discretion, in private placements exempt from registration under the Securities Act, as amended, through the sale of beneficial interests to accredited investors in specific Delaware statutory trusts holding real properties, which may be sourced from our real properties or from third parties. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 4, 2021, we filed a Registration Statement on Form S-11 with the SEC (Commission File No. 333-256823) to register our Third Extended Public Offering of up to $3,000,000 in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $2,700,000 of shares offered in our primary offering and up to $300,000 in shares offered pursuant to our distribution reinvestment plan. As of August&#160;11, 2021, the Third Extended Public Offering has not been declared effective. Proceeds from our Third Extended Public Offering will be used for the same corporate purposes as the proceeds of the Second Extended Public Offering.</span></div><div id="ie5281456beca4763989f9512c5f26319_115"></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Contractual Cash Obligations and Commitments</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, we enter into contingent agreements for the acquisition and financing of properties.  Such acquisitions and financings are subject to satisfactory completion of due diligence or meeting certain leasing or occupancy thresholds. </span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to fixed ground lease payments on South Beach Parking Garage of $100 per year until September 30, 2021 and these payments will increase every five years thereafter by the lesser of 12% or the cumulative CPI over the previous five year period. We are also subject to a variable ground lease payment calculated as 2.5% of revenue. The lease expires September 30, 2041 and has a ten-year renewal option.  </span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The operating agreement for Presley Uptown allows the unrelated third party joint venture partner, owning a 2.5% interest, to put its interest to us at a market determined value starting September 30, 2022 until September 30, 2024. </span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">51</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Off Balance Sheet Arrangements</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June&#160;30, 2021, we had approximately $110 in an outstanding letter of credit that is not reflected on our balance sheet.  We have no other off balance sheet arrangements.</span></div><div id="ie5281456beca4763989f9512c5f26319_118"></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Distributions to Stockholders</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To remain qualified as a REIT for federal income tax purposes, we must distribute or pay tax on 100% of our capital gains and distribute at least 90% of ordinary taxable income to stockholders.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following factors, among others, will affect operating cash flow and, accordingly, influence the decisions of our board of directors regarding distributions:</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">scheduled increases in base rents of existing leases;</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changes in minimum base rents and/or overage rents attributable to replacement of existing leases with new or renewal leases;</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changes in occupancy rates at existing properties and procurement of leases for newly acquired or developed properties;</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">necessary capital improvement expenditures or debt repayments at existing properties;</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">ability of our tenants to pay rent as a result of the impact of COVID-19 on their financial condition; and</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our share of distributions of operating cash flow generated by the unconsolidated real estate affiliates, less management costs and debt service on additional loans that have been or will be incurred.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We anticipate that operating cash flow, cash on hand, proceeds from dispositions of real estate investments or refinancings will provide adequate liquidity to conduct our operations, fund general and administrative expenses, fund operating costs and interest payments and allow distributions to our stockholders in accordance with the REIT qualification requirements of the Internal Revenue Code of 1986, as amended.</span></div><div id="ie5281456beca4763989f9512c5f26319_121"></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:83.918%"><tr><td style="width:1.0%"></td><td style="width:11.966%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:85.834%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item&#160;3.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Quantitative and Qualitative Disclosures About Market Risk.</span></div></td></tr></table></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to market risk associated with changes in interest rates in terms of our variable-rate debt and the price of new fixed-rate debt for refinancing of existing debt. We manage our interest rate risk exposure by obtaining fixed-rate loans where possible as well as by entering into interest rate cap and swap agreements. As of June&#160;30, 2021, we had consolidated debt of $1,016,925. Including the $8,429 net debt discount on assumed debt and debt issuance costs, we have consolidated debt of $1,008,496 at June&#160;30, 2021. We also entered into interest rate swap agreements on $190,000 of debt, which cap the LIBOR rate at between 1.4% and 2.6%. </span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to interest rate risk with respect to our fixed-rate financing in that changes in interest rates will impact the fair value of our fixed-rate financing. To determine fair market value, the fixed-rate debt is discounted at a rate based on an estimate of current lending rates, assuming the debt is outstanding through maturity and considering the collateral. At June&#160;30, 2021, the fair value of our consolidated debt was estimated to be $25,760 higher than the carrying value of $1,016,925. If treasury rates were 0.25% higher at June&#160;30, 2021, the fair value of our consolidated debt would have been $13,295 higher than the carrying value. </span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">52</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_127"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:3pt;text-indent:22.5pt"><span><br/></span></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:87.920%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item&#160;4.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Controls and Procedures.</span></div></td></tr></table></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Evaluation of Disclosure Controls and Procedures</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), as of the end of the period covered by this report. Based on management&#8217;s evaluation as of June&#160;30, 2021, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective to provide reasonable assurance that the information required to be disclosed by us in our reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC&#8217;s rules and forms and such information is accumulated and communicated to management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. </span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Changes in Internal Control Over Financial Reporting</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There have not been any changes in our internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Securities and Exchange Act of 1934, as amended) during the quarter ended&#160;June&#160;30, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. We have not experienced any material impact to our internal control over financial reporting to date as a result of most of the employees of our Advisor and its affiliates working remotely due to the COVID-19 pandemic. We are continually monitoring and assessing the COVID-19 pandemic on our internal controls to minimize the impact to their design and operating effectiveness.</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span><br/></span></div><div id="ie5281456beca4763989f9512c5f26319_130"></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PART II</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">OTHER INFORMATION</span></div><div id="ie5281456beca4763989f9512c5f26319_133"></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:30.409%"><tr><td style="width:1.0%"></td><td style="width:34.957%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:62.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item&#160;1.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Legal Proceedings.</span></div></td></tr></table></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are involved in various claims and litigation matters arising in the ordinary course of business, some of which involve claims for damages. Many of these matters are covered by insurance, although they may nevertheless be subject to deductibles or retentions. Although the ultimate liability for these matters cannot be determined, based upon information currently available, we believe the ultimate resolution of such claims and litigation will not have a material adverse effect on our financial position, results of operations or liquidity.</span></div><div id="ie5281456beca4763989f9512c5f26319_136"></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:30.409%"><tr><td style="width:1.0%"></td><td style="width:34.957%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:62.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item&#160;1A.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Risk Factors.</span></div></td></tr></table></div><div style="text-indent:13.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The most significant risk factors applicable to the Company are described in Item 1A to our 2020 Form 10-K.  The following risk factor supplements the risk factors contained in our 2020 Form 10-K:</span></div><div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">The phase-out of LIBOR could affect interest rates for our Term Loans and interest rate cap and swap arrangements.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LIBOR is used as a reference rate for our Term Loans and our interest rate cap and swap arrangements. On July 27, 2017, the United Kingdom&#8217;s Financial Conduct Authority (the "FCA") announced it intends to stop compelling banks to submit rates for the calculation of LIBOR after 2021. The FCA subsequently announced on March 5, 2021 that the publication of LIBOR will cease for the one-week and two-month USD LIBOR settings immediately after December 31, 2021, and the remaining USD LIBOR settings immediately after June 30, 2023. Based on undertakings received from the panel banks, the FCA does not expect that any LIBOR settings will become unrepresentative before these dates. Nevertheless, the U.S. Federal Reserve System, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation have issued guidance encouraging market participants to adopt alternatives to LIBOR in new contracts as soon as practicable. It is unclear a new method of calculating LIBOR will be established, or if an alternative reference rate will be established. The Federal Reserve Board and the Federal Reserve Bank of New York organized the Alternative Reference Rates Committee, which identified the Secured Overnight Financing Rate (&#8220;SOFR&#8221;) as its preferred alternative to U.S. dollar LIBOR in derivatives and other financial contracts. We are not able to predict if SOFR, or another alternative rate reference rate, attains market traction as a LIBOR replacement. Our Term Loans and interest rate cap and swap arrangements provide that if LIBOR is no longer available, then the parties to the agreements shall enter into an amendment utilizing the prevailing market convention for determining the rate of interest for syndicated loans in the United States at the time. In such circumstances the interest rates on our Term Loans and in our interest rate cap and swap arrangements may change. The new rates may not be as favorable as those in effect prior to </span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">53</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">any LIBOR phase-out. In addition, the transition process may result in delays in funding, higher interest expense, additional expenses, and increased volatility in markets for instruments that currently rely on LIBOR, all of which could negatively impact our cash flow.</span></div><div id="ie5281456beca4763989f9512c5f26319_139"></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:82.309%"><tr><td style="width:1.0%"></td><td style="width:12.221%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:85.579%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Item&#160;2.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unregistered Sales of Equity Securities and Use of Proceeds. </span></td></tr></table></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Issuer Purchases of Equity Securities</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our share repurchase plan limits repurchases during any calendar quarter to shares with an aggregate value (based on the repurchase price per share on the day the repurchase is effected) of 5% of the combined NAV of all classes of shares as of the last day of the previous calendar quarter, which means that in any 12-month period, we limit repurchases to approximately 20% of our total NAV. If the quarterly volume limitation is reached on or before the third business day of a calendar quarter, repurchase requests during the next quarter will be satisfied on a stockholder by stockholder basis, which we refer to as a &#8220;per stockholder allocation,&#8221; instead of a first-come, first-served basis. Pursuant to the per stockholder allocation, each of our stockholders would be allowed to request repurchase at any time during such quarter of a total number of shares not to exceed 5% of the shares of common stock the stockholder held as of the end of the prior quarter. The per stockholder allocation requirement will remain in effect for each succeeding quarter for which the total repurchases for the immediately preceding quarter exceeded four percent of our NAV on the last business day of such preceding quarter. If total repurchases during a quarter for which the per stockholder allocation applies are equal to or less than four percent of our NAV on the last business day of such preceding quarter, then repurchases will again be first-come, first-served for the next succeeding quarter and each quarter thereafter. </span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended June 30, 2021, we repurchased 3,134,052 shares of common stock under the share repurchase plan. </span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.648%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.812%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.028%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.057%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Period</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total&#160;Number&#160;of Shares&#160;Purchased</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Average&#160;Price&#160;Paid per Share</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total&#160;Number&#160;of&#160;Shares Purchased as Part of Publicly Announced Plans or Programs</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Maximum&#160;Number&#160;of Shares that May Yet Be Purchased Pursuant to the Program (1)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1 - April 30, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,151,879&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.84&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,151,879&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">May 1 - May 31, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">990,220&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.89&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">990,220&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">June 1 - June 30, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">991,953&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.03&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">991,953&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,134,052&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.91&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,134,052&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________</span></div><div style="margin-bottom:1.5pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160; Repurchases are limited as described above.&#160;</span></div><div style="margin-top:14pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Unregistered Sales of Equity Securities</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 3, 2015, we commenced the Private Offering of up to $350,000 in shares of our Class D common stock with an indefinite duration. No Class D shares were issued during the three months ended June&#160;30, 2021.</span></div><div id="ie5281456beca4763989f9512c5f26319_142"></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:48.976%"><tr><td style="width:1.0%"></td><td style="width:21.288%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:76.512%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 3.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Defaults Upon Senior Securities.</span></div></td></tr></table></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Not applicable.</span></div><div id="ie5281456beca4763989f9512c5f26319_145"></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.315%"><tr><td style="width:1.0%"></td><td style="width:13.267%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:84.533%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item&#160;4.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Mine Safety Disclosures.</span></div></td></tr></table></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Not applicable.</span></div><div id="ie5281456beca4763989f9512c5f26319_148"></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:34.210%"><tr><td style="width:1.0%"></td><td style="width:30.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:66.849%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 5.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Other Information.</span></div></td></tr></table></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">None.</span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">54</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_151"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="-sec-extract:summary;margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:36.842%"><tr><td style="width:1.0%"></td><td style="width:28.661%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:69.139%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 6.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibits.</span></div></td></tr></table></div><div style="margin-top:8pt;text-align:center;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:9.929%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:87.136%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Exhibit&#160;No.</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Description</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit3112q21.htm">31.1</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit3122q21.htm">31.2</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit3212q21.htm">32.1</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit3222q21.htm">32.2</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.INS*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Instance Document</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.SCH*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Schema Document</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.CAL*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Calculation Linkbase Document</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.DEF*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Definition Linkbase Document</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.LAB*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Labels Linkbase Document</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.PRE*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Presentation Linkbase Document</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Intereactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101)</span></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">__________</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">*&#160;&#160;&#160;&#160;Filed herewith.</span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">55</span></div></div></div><div id="ie5281456beca4763989f9512c5f26319_154"></div><hr style="page-break-after:always"/><div style="min-height:45pt;width:100%"><div style="margin-top:6pt;text-align:center;text-indent:22.5pt"><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of Section&#160;13 or 15(d) of the Securities Exchange Act of 1934, the Registrant, Jones Lang LaSalle Income Property Trust, Inc., has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:8pt;text-align:right;text-indent:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:406.50pt"><tr><td style="width:1.0pt"></td><td style="width:25.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:84.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:19.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:268.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">JONES LANG LASALLE INCOME PROPERTY TRUST, INC.</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date: </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">August 11, 2021</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/&#160;C. Allan Swaringen</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">C. Allan Swaringen</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">President, Chief Executive Officer</span></td></tr></table></div><div style="margin-top:14pt;text-align:right"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:406.50pt"><tr><td style="width:1.0pt"></td><td style="width:25.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:84.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:19.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:268.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">JONES LANG LASALLE INCOME PROPERTY TRUST, INC.</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date: </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">August 11, 2021</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/&#160;Gregory A. Falk</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gregory A. Falk</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Chief Financial Officer and Treasurer</span></td></tr></table></div><div style="margin-top:6pt;text-align:right;text-indent:22.5pt"><span><br/></span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">56</span></div></div></div></body></html>
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{"company-data": {"conformed-name": "Jones Lang LaSalle Income Property Trust, Inc.", "cik": "0001314152", "assigned-sic": "6798", "irs-number": "000000000", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "000-51948", "film-number": "211164442"}, "business-address": {"street1": "333 WEST WACKER DRIVE", "city": "CHICAGO", "state": "IL", "zip": "60606", "phone": "312-897-4000"}, "mail-address": {"street1": "333 WEST WACKER DRIVE", "city": "CHICAGO", "state": "IL", "zip": "60606"}, "former-company": {"former-conformed-name": "EXCELSIOR LASALLE PROPERTY FUND INC", "date-changed": "20050111"}}
jllipt-20210630
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________
FORM
10-Q
_________________________________
☒
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended
June 30, 2021
OR
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                    to
Commission file number:
000-51948
_________________________________
Jones Lang LaSalle Income Property Trust, Inc.
(Exact name of registrant as specified in its charter)
_________________________________
Maryland
20-1432284
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification Number)
333 West Wacker Drive
,
Chicago
IL
,
60606
(Address of principal executive offices, including Zip Code)
(
312
)
897-4000
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
_________________________________
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes
☑
NO
☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes
☑
NO
☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☐
Accelerated filer
☐
Non-accelerated filer
☑
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).      YES
☐
NO
☑
The number of shares of the registrant's Common Stock, $.01 par value, outstanding on August 11, 2021 were
94,655,245
shares of Class A Common Stock,
35,053,191
shares of Class M Common Stock,
9,584,831
shares of Class A-I Common Stock,
43,003,450
shares of Class M-I Common Stock and
7,513,281
shares of Class D Common Stock.
Jones Lang LaSalle Income Property Trust, Inc.
INDEX
PAGE
NUMBER
Part I - FINANCIAL INFORMATION
Item 1. Financial Statements
3
Consolidated Balance Sheets as of
June
3
0
, 2021 (unaudited) and December 31, 2020
3
Consolidated Statements of Operations for the three
and six
months ended
June
3
0
, 2021 and 2020 (unaudited)
4
Consolidated Statements of Equity for the three
and six
months ended
June
3
0
, 2021 and 2020 (unaudited)
5
Consolidated Statements of Cash Flows for the
six
months ended
June
3
0
, 2021 and 2020 (unaudited)
6
Notes to Consolidated Financial Statements (unaudited)
7
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
27
Item 3. Quantitative and Qualitative Disclosures About Market Risk
52
Item 4. Controls and Procedures
53
Part II - OTHER INFORMATION
Item 1. Legal Proceedings
53
Item 1A. Risk Factors
53
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
54
Item 3. Defaults Upon Senior Securities
54
Item 4. Mine Safety Disclosures
54
Item 5. Other Information
54
Item 6. Exhibits
55
SIGNATURES
56
2
Item 1. Financial Statements.
Jones Lang LaSalle Income Property Trust, Inc.
CONSOLIDATED BALANCE SHEETS
$ in thousands, except per share amounts
June 30, 2021
December 31, 2020
(Unaudited)
ASSETS
Investments in real estate:
Land (including from VIEs of $
22,605
and $
22,605
, respectively)
$
461,639
$
428,313
Buildings and equipment (including from VIEs of $
143,051
and $
142,946
, respectively)
2,166,985
1,892,023
Less accumulated depreciation (including from VIEs of $(
24,774
) and $(
23,083
), respectively)
(
245,077
)
(
219,833
)
Net property and equipment
2,383,547
2,100,503
Investment in unconsolidated real estate affiliates
181,224
187,890
Real estate fund investment
79,156
79,192
Investments in real estate and other assets held for sale
—
34,148
Net investments in real estate
2,643,927
2,401,733
Cash and cash equivalents (including from VIEs of $
5,364
and $
3,159
, respectively)
175,691
84,805
Restricted cash (including from VIEs of $
478
and $
800
, respectively)
38,935
16,629
Tenant accounts receivable, net (including from VIEs of $
2,466
and $
2,679
, respectively)
8,681
8,680
Deferred expenses, net (including from VIEs of $
470
and $
516
, respectively)
14,408
10,982
Acquired intangible assets, net (including from VIEs of $
2,122
and $
2,638
, respectively)
138,532
105,206
Deferred rent receivable, net (including from VIEs of $
1,117
and $
1,087
, respectively)
22,856
21,274
Prepaid expenses and other assets (including from VIEs of $
224
and $
164
, respectively)
17,881
9,290
TOTAL ASSETS
$
3,060,911
$
2,658,599
LIABILITIES AND EQUITY
Mortgage notes and other debt payable, net (including from VIEs of $
81,769
and $
82,033
, respectively)
$
1,008,496
$
868,102
Liabilities held for sale
—
18,242
Accounts payable and other liabilities (including from VIEs of $
1,403
and $
1,335
, respectively)
61,095
36,137
Financing obligation
285,201
155,882
Accrued offering costs
116,033
106,908
Accrued interest (including from VIEs of $
294
and $
296
, respectively)
2,232
2,153
Accrued real estate taxes (including from VIEs of $
1,141
and $
738
, respectively)
9,340
6,640
Advisor fees payable
2,270
2,122
Acquired intangible liabilities, net
28,644
14,990
TOTAL LIABILITIES
1,513,311
1,211,176
Commitments and contingencies
—
—
Equity:
Class A common stock: $
0.01
par value;
200,000,000
shares authorized;
92,740,925
and
89,671,096
shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively
927
897
Class M common stock: $
0.01
par value;
200,000,000
shares authorized;
35,056,224
and
35,612,156
shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively
351
356
Class A-I common stock: $
0.01
par value;
200,000,000
shares authorized;
9,584,832
and
9,616,299
shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively
96
96
Class M-I common stock: $
0.01
par value;
200,000,000
shares authorized;
39,559,491
and
33,247,001
shares issued and outstanding at June 30, 2021, and December 31, 2020, respectively
396
332
Class D common stock: $
0.01
par value;
200,000,000
shares authorized;
7,513,281
and
4,957,915
shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively
75
50
Additional paid-in capital (net of offering costs of $
233,628
and $
216,405
as of June 30, 2021 and December 31, 2020, respectively)
2,040,114
1,922,136
Distributions to stockholders
(
525,732
)
(
481,760
)
Retained earnings
11,605
(
14,723
)
Total Jones Lang LaSalle Income Property Trust, Inc. stockholders' equity
1,527,832
1,427,384
Noncontrolling interests
19,768
20,039
Total equity
1,547,600
1,447,423
TOTAL LIABILITIES AND EQUITY
$
3,060,911
$
2,658,599
The abbreviation "VIEs" above means consolidated Variable Interest Entities.
See notes to consolidated financial statements.
3
Jones Lang LaSalle Income Property Trust, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
$ in thousands, except share and per share amounts
(Unaudited)
Three Months Ended June 30, 2021
Three Months Ended June 30, 2020
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
Revenues:
Rental revenue
$
52,538
$
45,483
$
103,269
$
92,400
Other revenue
3,508
1,433
5,358
3,176
Total revenues
56,046
46,916
108,627
95,576
Operating expenses:
Real estate taxes
8,205
7,306
16,291
14,847
Property operating expenses
10,194
8,821
20,105
17,579
Property general and administrative
(
184
)
333
476
2,881
Advisor fees
6,749
6,279
13,074
12,857
Company level expenses
990
594
2,183
1,548
Depreciation and amortization
21,218
18,564
41,163
37,620
Total operating expenses
47,172
41,897
93,292
87,332
Other income (expenses):
Interest expense
(
10,288
)
(
9,265
)
(
19,550
)
(
23,800
)
Loss from unconsolidated real estate affiliates and fund investments
(
2,412
)
(
3,970
)
(
2,751
)
(
12,897
)
Gain on disposition of property and extinguishment of debt, net
—
—
33,422
1,708
Total other income and (expenses)
(
12,700
)
(
13,235
)
11,121
(
34,989
)
Net (loss) income
(
3,826
)
(
8,216
)
26,456
(
26,745
)
Less: Net loss (income) attributable to the noncontrolling interests
49
12
(
128
)
(
8
)
Net (loss) income attributable to Jones Lang LaSalle Income Property Trust, Inc.
$
(
3,777
)
$
(
8,204
)
$
26,328
$
(
26,753
)
Net (loss) income attributable to Jones Lang LaSalle Income Property Trust, Inc. per share-basic and diluted:
Class A
(
0.02
)
(
0.05
)
0.15
(
0.16
)
Class M
(
0.02
)
(
0.05
)
0.15
(
0.16
)
Class A-I
(
0.02
)
(
0.05
)
0.15
(
0.16
)
Class M-I
(
0.02
)
(
0.05
)
0.15
(
0.16
)
Class D
(
0.02
)
(
0.05
)
0.15
(
0.16
)
Weighted average common stock outstanding-basic and diluted
181,126,712
170,103,439
177,963,466
171,423,839
See notes to consolidated financial statements.
4
Jones Lang LaSalle Income Property Trust, Inc.
CONSOLIDATED STATEMENTS OF EQUITY
$ in thousands, except share and per share amounts (Unaudited)
Common Stock
Additional Paid
In Capital
Distributions to
Stockholders
Retained Earnings / (Accumulated Deficit)
Noncontrolling
Interests
Total
Equity
Shares
Amount
Balance, April 1, 2020
173,260,200
$
1,733
$
1,938,168
$
(
419,875
)
$
10,734
$
5,989
$
1,536,749
Issuance of common stock
3,786,774
38
44,968
—
—
—
45,006
Repurchase of shares
(
7,116,405
)
(
71
)
(
84,674
)
—
—
—
(
84,745
)
Conversion of shares
(
193
)
—
—
—
—
—
—
Offering costs
—
—
(
3,592
)
—
—
—
(
3,592
)
Stock based compensation
—
—
—
—
—
—
—
Net loss
—
—
—
—
(
8,204
)
(
12
)
(
8,216
)
Cash contributions from noncontrolling interests
—
—
—
—
—
(
3
)
(
3
)
Distributions declared per share ($
0.135
)
—
—
—
(
20,431
)
—
—
(
20,431
)
Balance, June 30, 2020
169,930,376
$
1,700
$
1,894,870
$
(
440,306
)
$
2,530
$
5,974
$
1,464,768
Balance, January 1, 2020
165,745,572
$
1,658
$
1,860,734
$
(
398,939
)
$
29,283
$
6,021
$
1,498,757
Issuance of common stock
18,884,524
189
230,872
—
—
—
231,061
Repurchase of shares
(
14,715,002
)
(
147
)
(
177,762
)
—
—
—
(
177,909
)
Conversion of shares
(
718
)
—
—
—
—
—
—
Offering costs
—
—
(
19,166
)
—
—
—
(
19,166
)
Stock based compensation
16,000
—
192
—
—
—
192
Net (loss) income
—
—
—
—
(
26,753
)
8
(
26,745
)
Cash contributions from noncontrolling interests
—
—
—
—
—
1
1
Cash distributed to noncontrolling interests
—
—
—
—
—
(
56
)
(
56
)
Distributions declared per share ($
0.270
)
—
—
—
(
41,367
)
—
—
(
41,367
)
Balance, June 30, 2020
169,930,376
$
1,700
$
1,894,870
$
(
440,306
)
$
2,530
$
5,974
$
1,464,768
Balance, April 1, 2021
178,048,517
$
1,780
$
1,974,251
$
(
503,381
)
$
15,382
$
20,022
$
1,508,054
Issuance of common stock
9,540,603
96
114,150
—
—
—
114,246
Repurchase of shares
(
3,134,052
)
(
31
)
(
37,310
)
—
—
—
(
37,341
)
Conversion of shares
(
315
)
—
—
—
—
—
—
Offering costs
—
—
(
10,977
)
—
—
—
(
10,977
)
Net loss
—
—
—
—
(
3,777
)
(
49
)
(
3,826
)
Cash distributed to noncontrolling interests
—
—
—
—
—
(
205
)
(
205
)
Distributions declared per share ($
0.135
)
—
—
—
(
22,351
)
—
—
(
22,351
)
Balance, June 30, 2021
184,454,753
$
1,845
$
2,040,114
$
(
525,732
)
$
11,605
$
19,768
$
1,547,600
Balance, January 1, 2021
173,104,467
$
1,731
$
1,922,136
$
(
481,760
)
$
(
14,723
)
$
20,039
$
1,447,423
Issuance of common stock
18,299,587
183
217,078
—
—
—
217,261
Repurchase of shares
(
6,964,644
)
(
69
)
(
82,066
)
—
—
—
(
82,135
)
Conversion of shares
(
657
)
—
—
—
—
—
—
Offering costs
—
—
(
17,223
)
—
—
—
(
17,223
)
Stock based compensation
16,000
—
189
—
—
—
189
Net income
—
—
—
—
26,328
128
26,456
Cash distributed to noncontrolling interests
—
—
—
—
—
(
399
)
(
399
)
Distributions declared per share ($
0.270
)
—
—
—
(
43,972
)
—
—
(
43,972
)
Balance, June 30, 2021
184,454,753
$
1,845
$
2,040,114
$
(
525,732
)
$
11,605
$
19,768
$
1,547,600
See notes to consolidated financial statements.
5
Jones Lang LaSalle Income Property Trust, Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in thousands
(Unaudited)
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)
$
26,456
$
(
26,745
)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
40,539
37,237
Gain on disposition of property and extinguishment of debt
(
33,422
)
(
1,724
)
Straight line rent
(
1,136
)
(
124
)
Loss from unconsolidated real estate affiliates and fund investment
2,751
12,897
Distributions from unconsolidated real estate affiliates and fund investment
4,748
1,964
Net changes in assets, liabilities and other
(
1,744
)
6,551
Net cash provided by operating activities
38,192
30,056
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of real estate investments
(
331,497
)
(
101,220
)
Proceeds from sale of real estate investments and fixed assets
66,992
5,372
Capital improvements and lease commissions
(
8,753
)
(
5,413
)
Investment in unconsolidated real estate affiliates
(
797
)
(
1,348
)
Deposits for investments under contract
(
7,500
)
—
Net cash used in investing activities
(
281,555
)
(
102,609
)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock
341,487
186,867
Repurchase of shares
(
82,135
)
(
177,909
)
Offering costs
(
8,098
)
(
9,632
)
Distributions to stockholders
(
15,974
)
(
20,714
)
Distributions paid to noncontrolling interests
(
399
)
(
56
)
Contributions received from noncontrolling interests
—
1
Draws on credit facility
100,000
200,000
Payment on credit facility
(
100,000
)
—
Proceeds from mortgage notes and other debt payable
211,180
35,900
Debt issuance costs
(
6,335
)
(
71
)
Principal payments on mortgage notes and other debt payable
(
83,171
)
(
31,020
)
Net cash provided by financing activities
356,555
183,366
Net increase in cash, cash equivalents and restricted cash
113,192
110,813
Cash, cash equivalents and restricted cash at the beginning of the period
101,434
114,022
Cash, cash equivalents and restricted cash at the end of the period
$
214,626
$
224,835
Reconciliation of cash, cash equivalents and restricted cash shown per Consolidated Balance Sheets to cash, cash equivalents and restricted cash per Consolidated Statements of Cash Flows
Cash and cash equivalents
$
175,691
$
215,183
Restricted cash
38,935
9,652
Cash, cash equivalents and restricted cash at the end of the period
$
214,626
$
224,835
Supplemental disclosure of cash flow information:
Interest paid
$
17,297
$
17,599
Non-cash activities:
Write-offs of receivables
$
12
$
13
Write-offs of retired assets and liabilities
2,952
5,758
Change in liability for capital expenditures
(
5,572
)
561
Net liabilities transferred at disposition of real estate investment
230
63
Net liabilities assumed at acquisition
432
538
Change in issuance of common stock receivable and redemption of common stock payable
609
1,246
Change in accrued offering costs
9,125
9,534
See notes to consolidated financial statements.
6
Jones Lang LaSalle Income Property Trust, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
$ in thousands, except per share amounts
NOTE 1—ORGANIZATION
General
Except where the context suggests otherwise, the terms "we," "us," "our" and the "Company" refer to Jones Lang LaSalle Income Property Trust, Inc. The terms "Advisor" and "LaSalle" refer to LaSalle Investment Management, Inc.
Jones Lang LaSalle Income Property Trust, Inc. is an externally advised, daily valued perpetual-life real estate investment trust ("REIT") that owns and manages a diversified portfolio of apartment, industrial, office, retail and other properties located in the United States. Over time our real estate portfolio may be further diversified on a global basis through the acquisition of properties outside of the United States and may be complemented by investments in real estate-related debt and equity securities. We were incorporated on
May 28, 2004
under the laws of the State of Maryland. We believe that we have operated in such a manner to qualify to be taxed as a REIT for federal income tax purposes commencing with the taxable year ended December 31, 2004, when we first elected REIT status. As of June 30, 2021, we owned interests in a total of
87
properties, located in
22
states.
We own, and plan to continue to own, all or substantially all of our assets through JLLIPT Holdings, LP, a Delaware limited partnership (our "operating partnership"), of which we are the initial limited partner and JLLIPT Holdings GP, LLC, our wholly owned subsidiary, is the sole general partner. The use of our operating partnership to hold all or substantially all of our assets is referred to as an Umbrella Partnership Real Estate Investment Trust ("UPREIT").  This structure is intended to facilitate tax-deferred contributions of properties to our operating partnership in exchange for limited partnership interests in our operating partnership. A transfer of property directly to a REIT in exchange for shares of common stock of a REIT is generally a taxable transaction to the transferring property owner. In an UPREIT structure, a property owner who desires to defer taxable gain on the disposition of his property may transfer the property to our operating partnership in exchange for limited partnership interests in the operating partnership ("OP Units") and defer taxation of gain until the limited partnership interests are disposed of in a taxable transaction. As of June 30, 2021, we raised aggregate proceeds from the issuance of OP Units in our operating partnership of $
14,242
, and owned directly or indirectly
99.3
% of the OP Units of our operating partnership.  The remaining
0.7
% of the OP Units are held by third parties.
From our inception to January 15, 2015, we raised equity proceeds through various public and private offerings of shares of our common stock.  On January 16, 2015, our follow-on Registration Statement on Form S-11 was declared effective by the Securities and Exchange Commission (the "SEC") with respect to our continuous public offering (the "First Extended Public Offering").  As of July 6, 2018, the date our First Extended Public Offering terminated, we had raised aggregate gross proceeds from the sale of shares of our common stock in our First Extended Public Offering of $
1,138,053
.
On July 6, 2018, the SEC declared our second follow-on Registration Statement on Form S-11 (the "Second Extended Public Offering") effective (Commission File No. 333-222533) to offer up to $
3,000,000
in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $
2,700,000
of shares offered in our primary offering and up to $
300,000
in shares offered pursuant to our distribution reinvestment plan.  In accordance with SEC rules, we extended our Second Extended Public Offering one additional year through July 6, 2021.  We reserve the right to terminate the Second Extended Public Offering at any time and to further extend the Second Extended Public Offering term to the extent permissible under applicable law. As of June 30, 2021, we have raised aggregate gross proceeds from the sale of shares of our common stock in our Second Extended Public Offering of $
1,075,496
.
On June 4, 2021, we filed a Registration Statement on Form S-11 with the SEC (Commission File No. 333-256823) to register a public offering of up to $
3,000,000
in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $
2,700,000
of shares offered in our primary offering and up to $
300,000
in shares offered pursuant to our distribution reinvestment plan (the "Third Extended Public Offering"). As of August 11, 2021, the Third Extended Public Offering has not been declared effective.
On March 3, 2015, we commenced a private offering (the "Private Offering") of up to $
350,000
in shares of our Class D common stock with an indefinite duration.
As of June 30, 2021
, we have raised aggregate gross proceeds from the sale of shares of our Class D common stock in our Private Offering of $
98,188
.
On October 16, 2019, through our operating partnership, we initiated a program (the "DST Program") to raise up to $
500,000
, which our board of directors may increase in its sole discretion, in private placements exempt from registration under the Securities Act of 1933, as amended, through the sale of beneficial interests to accredited investors in specific Delaware
7
statutory trusts holding real properties ("DST Properties"), which may be sourced from our real properties or from third parties.  As of June 30, 2021, we have raised $
284,922
from our DST Program.
As of June 30, 2021,
92,740,925
shares of Class A common stock,
35,056,224
shares of Class M common stock,
9,584,832
shares of Class A-I common stock,
39,559,491
shares of Class M-I common stock, and
7,513,281
shares of Class D common stock were outstanding and held by a total of
18,453
stockholders.
LaSalle acts as our advisor pursuant to the advisory agreement among us, our operating partnership and LaSalle (the "Advisory Agreement"). The term of our Advisory Agreement expires June 5, 2022, subject to an unlimited number of successive one-year renewals.  Our Advisor, a registered investment advisor with the SEC, has broad discretion with respect to our investment decisions and is responsible for selecting our investments and for managing our investment portfolio pursuant to the terms of the Advisory Agreement. Our executive officers are employees of and compensated by our Advisor. We have no employees, as all operations are managed by our Advisor.
LaSalle is a wholly-owned, but operationally independent subsidiary of Jones Lang LaSalle Incorporated ("JLL" or our "Sponsor"), a New York Stock Exchange-listed leading professional services firm that specializes in real estate and investment management.  As of June 30, 2021, JLL and its affiliates owned an aggregate of
2,521,801
Class M shares, which were issued for cash at a price equal to the most recently reported net asset value ("NAV") per share as of the purchase date and have a current value of $
30,489
.
NOTE 2—
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation and Principles of Consolidation
The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and include the accounts of our wholly owned subsidiaries, consolidated variable interest entities ("VIE") and the unconsolidated investment in real estate affiliates accounted for under the equity method of accounting. We consider the authoritative guidance of accounting for investments in common stock, investments in real estate ventures, investors accounting for an investee when the investor has the majority of the voting interest but the minority partners have certain approval or veto rights, determining whether a general partner or general partners as a group controls a limited partnership or similar entity when the limited partners have certain rights and the consolidation of VIEs in which we own less than a
100
% interest.  All significant intercompany balances and transactions have been eliminated in consolidation.
Parenthetical disclosures are shown on our Consolidated Balance Sheets regarding the amounts of VIE assets and liabilities that are consolidated. As of June 30, 2021, our VIEs included The District at Howell Mill, Grand Lakes Marketplace, and Presley Uptown due to the joint venture structures and our partners having limited participation rights and no kick-out rights. The creditors of our VIEs do not have general recourse to us.
Noncontrolling interests represent the minority members' proportionate share of the equity in our VIEs. At acquisition, the assets, liabilities and noncontrolling interests were measured and recorded at the estimated fair value. Noncontrolling interests will increase for the minority members' share of net income of these entities and contributions and decrease for the minority members' share of net loss and distributions. As of June 30, 2021, noncontrolling interests represented the minority members' proportionate share of the equity of the entities listed above as VIEs.
Certain of our joint venture agreements include provisions whereby, at certain specified times, each party has the right to initiate a purchase or sale of its interest in the joint ventures at an agreed upon fair value. Under these provisions, we are not obligated to purchase the interest of our outside joint venture partners.
The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the accounting policies described in the consolidated financial statements and related notes included in our Annual Report on Form 10-K filed with the SEC on March 12, 2021 (our "2020 Form 10-K") and should be read in conjunction with such consolidated financial statements and related notes. The following notes to these interim consolidated financial statements highlight changes to the notes included in the December 31, 2020 audited consolidated financial statements included in our 2020 Form 10-K and present interim disclosures as required by the SEC.
The interim financial data as of June 30, 2021 and for the three and six months ended June 30, 2021 and 2020 is unaudited. In our opinion, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods.
8
Restricted Cash
Restricted cash includes amounts established pursuant to various agreements for loan escrow accounts, loan commitments and property sale proceeds. When we sell a property, we can elect to enter into a like-kind exchange pursuant to the applicable Internal Revenue Service guidance whereby the proceeds from the sale are placed in escrow with a qualified intermediary until a replacement property can be purchased.  At June 30, 2021, our restricted cash balance on our Consolidated Balance Sheets was primarily related to common stock subscriptions received in advance of the issuance of the common stock and loan escrow amounts.
Deferred Expenses
Deferred expenses consist of lease commissions. Lease commissions are capitalized and amortized over the term of the related lease as a component of depreciation and amortization expense. Accumulated amortization of deferred expenses at June 30, 2021 and December 31, 2020 was $
7,295
and $
6,495
, respectively.
Rental Revenue Recognition
We recognize rental revenue from tenants under operating leases on a straight-line basis over the non-cancelable term of the lease when collectibility of substantially all rents is reasonably assured. Recognition of rental revenue on a straight-line basis includes the effects of rental abatements, lease incentives and fixed and determinable increases in lease payments over the lease term. For leases where collection of substantially all rents is not deemed to be probable, revenue is recorded equal to cash that has been received from the tenant.  We evaluate the collectibility of rents and other receivables at each reporting period based on factors including, among others, tenant's payment history, the financial condition of the tenant, business conditions and trends in the industry in which the tenant operates and economic conditions in the geographic area where the property is located. If evaluation of these factors or others indicates it is not probable we will collect substantially all rent we recognize an adjustment to rental revenue. If our judgment or estimation regarding probability of collection changes we may adjust or record additional rental revenue in the period such conclusion is reached.
The COVID-19 pandemic has had a negative impact on some of our tenant's businesses. The duration and extent of the negative effects caused by the COVID-19 pandemic to the economy is uncertain, and as such, collectibility of certain tenants rent receivable balances in the future is also uncertain. We have taken into account current tenant conditions, which include consideration of COVID-19 in our estimation of the tenants uncollectible accounts and deferred rents receivable at June 30, 2021. We are closely monitoring the collectibility of such rents and will adjust future estimations as further information becomes known.  During the three and six months ended June 30, 2021, we recorded a reduction in rental revenue of $
639
and $
1,062
, respectively due to concern of collectibility and an increase in straight line revenue of $
336
and $
149
, respectively as a result of collections from certain tenants. During the three and six months ended June 30, 2020, we recorded a reduction in rental revenue of $
1,732
and $
1,991
, respectively, and a reduction in straight line revenue of $
1,031
and $
2,111
due to concern of collectibility, respectively.  During the three and six months ended June 30, 2021, we deferred $
231
and $
237
, respectively, and abated $
99
and $
254
, respectively, of rental revenue. During the three and six months ended June 30, 2020, we deferred $
1,070
and abated $
855
of rental revenue, respectively.
Acquisitions
We have allocated a portion of the purchase price of our acquisitions to acquired intangible assets, which include acquired in-place lease intangibles, acquired above-market in-place lease intangibles and acquired ground lease intangibles, which are reported net of accumulated amortization of $
92,129
and $
82,699
at June 30, 2021 and December 31, 2020, respectively, on the accompanying Consolidated Balance Sheets. The acquired intangible liabilities represent acquired below-market in-place leases, which are reported net of accumulated amortization of $
13,969
and $
12,724
at June 30, 2021 and December 31, 2020, respectively, on the accompanying Consolidated Balance Sheets.
9
Assets and Liabilities Measured at Fair Value
The Financial Accounting Standards Board's ("FASB") guidance for fair value measurement and disclosure states that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering assumptions, authoritative guidance establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:
•
Level 1
—Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have access to at the measurement date.
•
Level 2
—Observable inputs, other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.  Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.
•
Level 3
—Unobservable inputs for the asset or liability.  Unobservable inputs are those inputs that reflect our own assumptions that market participants would use to price the asset or liability based on the best available information.
The authoritative guidance requires the disclosure of the fair value of our financial instruments for which it is practicable to estimate that value. The guidance does not apply to all balance sheet items. Market information as available or present value techniques have been utilized to estimate the amounts required to be disclosed. Since such amounts are estimates, there can be no assurance that the disclosed value of any financial instrument could be realized by immediate settlement of the instrument.
Real estate fund investments accounted for under the fair value option fall within Level 3 of the hierarchy.  The fair value is recorded based upon changes in the NAV of the limited partnership as determined from the financial statements of the real estate fund.  During the six months ended June 30, 2021 and 2020, we recorded an increase and a decrease in fair value classified within the Level 3 category of $
36
and $
12,088
, respectively, in our investment in the NYC Retail Portfolio (see
Note 4-Unconsolidated Real Estate Affiliates and Fund Investments
).
We have estimated the fair value of our mortgage notes and other debt payable reflected on the Consolidated Balance Sheets at amounts that are based upon an interpretation of available market information and valuation methodologies (including discounted cash flow analysis with regard to fixed rate debt) for similar loans made to borrowers with similar credit ratings and for the same maturities. The fair value of our mortgage notes and other debt payable using Level 2 inputs was $
25,760
and $
30,923
higher than the aggregate carrying amounts at June 30, 2021 and December 31, 2020, respectively. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition of our mortgage notes payable.
Derivative Financial Instruments
We record all derivatives on the Consolidated Balance Sheets at fair value in prepaid expenses and other assets or accounts payable and other accrued expenses. Changes in the fair value of our derivatives are recorded as a component of interest expense on our Consolidated Statements of Operations as we have not designated our derivative instruments as hedges. Our objective in using interest rate derivatives is to manage our exposure to interest rate movements. To accomplish this objective, we use interest rate swaps.
As of June 30, 2021, we had the following outstanding interest rate derivatives related to managing our interest rate risk:
Interest Rate Derivative
Number of Instruments
Notional Amount
Interest Rate Swaps
5
$
190,000
The fair value of our interest rate swaps represent liabilities of $
4,715
and $
6,500
at June 30, 2021 and December 31, 2020, respectively.
Ground Lease
As of June 30, 2021, we have a single ground lease arrangement for which we are the lessee and recorded a right-of-use asset within prepaid expenses and other assets on our Consolidated Balance Sheets in the amount of $
2,125
and a lease liability within accounts payable and other liabilities on our Consolidated Balance Sheets in the amount of $
2,247
.
10
Use of Estimates
The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. For example, significant estimates and assumptions have been made with respect to useful lives of assets, recoverable amounts of receivables, fair value of derivatives and real estate assets, initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to property acquisitions. Actual results could differ from those estimates.
Recent Issued Accounting Pronouncements
In April 2020, the FASB issued a question and answer document that focused on the application of lease guidance applicable on concessions related to the effects of the COVID-19 pandemic. Per the guidance, we made an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Topic 842, Leases, as though enforceable rights and obligations for those concessions existed.
In March 2020, the FASB issued Accounting Standard Update ("ASU") No. 2020-04, Reference Rate Reform (Topic 848) ("ASU 2020-04"), which provides guidance containing practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. We are evaluating the impact of this guidance.
In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments Credit Losses (Topic 326), which changes how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The guidance replaces the current incurred loss model with an expected loss approach, resulting in more timely recognition of such losses. In November 2018, the FASB released ASU 2018-19, Codification Improvements to Topic 326, Financial Instrument - Credit Losses, which clarifies that receivables arising from operating leases are not within the scope of Subtopic 326-20. The guidance was effective for us as of January 1, 2020 and did not have a material impact on our consolidated financial statements.
Effective January 1, 2019, we adopted ASU 2016-02 Leases and 2018-11 Leases: Targeted Improvements (Topic 842) ("ASU 842"). The new guidance sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). We elected a practical expedient, by class of underlying assets, to not separate non-lease components from the related lease components and, instead, to account for those components as a single lease component, when certain criteria are met. Upon adoption, we reclassified these components for prior periods to conform with the current period presentation. We also elected permitted practical expedients to not reassess lease classification and use of the standard's effective date as the date of initial application and therefore financial information under ASU 842 is not provided for periods prior to January 1, 2019. The accounting for lessors remained largely unchanged from previous GAAP; however, the standard required that lessors expense, on an as-incurred basis, certain initial direct costs that are not incremental in negotiating a lease. Under previous standards, certain of these costs were capitalizable and therefore this new standard will result in certain of these costs being expensed as incurred after adoption. Additionally, the standard requires lessors to evaluate whether the collectability of all rents is probable before recognizing rental revenues on a straight-line basis over the applicable lease term. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease.  A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification.  Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. As of June 30, 2021, we have a ground lease arrangement for which we are the lessee and recorded a right-of-use asset within prepaid expenses and other assets on our Consolidated Balance Sheets in the amount of $
2,125
and a lease liability within accounts payable and other liabilities on our Consolidated Balance Sheets in the amount of $
2,247
.
NOTE 3—PROPERTY
The primary reason we make acquisitions of real estate investments in the apartment, industrial, office, retail and other property sectors is to invest capital contributed by stockholders in a diversified portfolio of real estate assets. All references to square footage and units are unaudited.
Acquisitions
On January 21, 2021, we acquired Louisville Distribution Center, a
1,040,000
square foot industrial property located in Shepherdsville, Kentucky for approximately $
95,000
. The acquisition was funded with cash on hand.
11
On February 2, 2021, we acquired 170 Park Ave, a
147,000
square foot life sciences property located in Florham Park, New Jersey for approximately $
46,600
. The acquisition was funded with cash on hand.
On February 23, 2021, we acquired Southeast Phoenix Distribution Center, a four property industrial distribution center totaling
474,000
square feet located in Chandler, Arizona for approximately $
91,000
. The acquisition was funded with cash on hand.
On May 3, 2021, we acquired Princeton North Andover, a newly constructed, 192-unit apartment property located in North Andover, Massachusetts, for approximately $
72,500
. The acquisition was funded with cash on hand.
On June 24, 2021, we acquired Louisville Airport Distribution Center, a nearly
284,000
square-foot, newly constructed Class A industrial property located in the Southside/Airport industrial submarket for approximately $
32,100
.  The acquisition was funded with cash on hand.
We allocated the purchase price for our 2021 acquisitions in accordance with authoritative guidance as follows:
2021 Acquisitions
Land
$
33,326
Building and equipment
266,491
In-place lease intangible (acquired intangible assets)
44,655
Above-market lease intangible (acquired intangible assets)
2,214
Below-market lease intangible (acquired intangible liabilities)
(
15,514
)
$
331,172
Amortization period for intangible assets and liabilities
6
-
180
months
Disposition
On January 8, 2021, we sold South Seattle Distribution Center, a three property industrial center totaling
323,000
square feet located in Seattle, Washington for approximately $
72,600
less closing costs.  In connection with the disposition, the mortgage loan associated with the property of $
17,841
was retired. We recorded a gain on the sale of the property in the amount of $
33,580
.
12
NOTE 4—
UNCONSOLIDATED REAL ESTATE AFFILIATES AND FUND INVESTMENTS
Unconsolidated Real Estate Affiliates
In addition to investments in consolidated properties, we may make investments in real estate which are classified as unconsolidated real estate affiliates under GAAP. The following represent our unconsolidated real estate affiliates as of June 30, 2021 and December 31, 2020.
Carrying Amount of Investment
Property
Property Type
Location
Acquisition Date
June 30, 2021
December 31, 2020
Chicago Parking Garage
Other
Chicago, IL
December 23, 2014
$
14,075
$
14,000
Pioneer Tower
Office
Portland, OR
June 28, 2016
103,666
108,715
The Tremont
Apartment
Burlington, MA
July 19, 2018
21,490
21,430
The Huntington
Apartment
Burlington, MA
July 19, 2018
11,189
11,549
Siena Suwanee Town Center
Apartment
Suwanee, GA
December 15, 2020
30,804
32,196
Total
$
181,224
$
187,890
Summarized Combined Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments
Three Months Ended June 30, 2021
Three Months Ended June 30, 2020
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
Total revenues
$
5,276
$
3,870
$
10,402
$
8,266
Total operating expenses
5,736
3,955
11,437
8,008
Operating income
$
(
460
)
$
(
85
)
$
(
1,035
)
$
258
Interest expense
834
533
1,680
1,067
Net loss
$
(
1,294
)
$
(
618
)
$
(
2,715
)
$
(
809
)
Real Estate Fund Investment
NYC Retail Portfolio
On December 8, 2015, a wholly-owned subsidiary of the Company acquired an approximate
28
% interest in a newly formed limited partnership, Madison NYC Core Retail Partners, L.P., which acquired an approximate
49
% interest in entities that initially owned 15 retail properties located in the greater New York City area (the "NYC Retail Portfolio"), the result of which is that we own an approximate
14
% interest in the NYC Retail Portfolio. The purchase price for such portion was approximately $
85,600
including closing costs. As of June 30, 2021, the NYC Retail Portfolio owned 8 retail properties totaling approximately
1,940,000
square feet across urban infill locations in Manhattan, Brooklyn, Queens and New Jersey.
At acquisition we made the election to account for our interest in the NYC Retail Portfolio under the fair value option. This fair value election was made as the investment is in the form of a commingled fund with institutional partners where fair value accounting provides the most relevant information about the financial condition of the investment. We record increases and decreases in our investment each reporting period based on the change in the fair value of the investment as estimated by the general partner. Critical inputs to NAV estimates include valuations of the underlying real estate assets, which incorporate investment-specific assumptions such as discount rates, capitalization rates and rental growth rates. We did not consider adjustments to NAV estimates provided by the general partner, including adjustments for any restrictions to the transferability of ownership interests embedded within the investment agreement to which we are a party, to be necessary based upon (1) our understanding of the methodology utilized and inputs incorporated to estimate NAV at the investment level, (2) consideration of market demand for the retail assets held by the venture, and (3) contemplation of real estate and capital markets conditions in the localities in which the venture operates. We have no unfunded commitments. Our investment in the NYC Retail Portfolio is presented on our Consolidated Balance Sheets within real estate fund investment. Changes in the fair value of our investment as well as cash distributions received are recorded on our Consolidated Statements of Operations within income from unconsolidated real estate affiliates and fund investments.  As of June 30, 2021 and December 31, 2020, the carrying amount of our investment in the NYC Retail Portfolio was $
79,156
and $
79,192
, respectively. During the three and six months ended June 30, 2021, we recorded a decrease in fair value of our investment in the NYC Retail Portfolio of $
1,118
and $
36
, respectively and received no cash distributions.  During the three and six months ended June 30, 2020, we recorded a decrease in fair value of our investment in the NYC Retail Portfolio of $
3,352
and $
12,088
, respectively and received no cash distributions. On March 4, 2020, a retail property in the NYC Retail Portfolio with a square footage of
74,000
was sold and the mortgage loan was extinguished.
13
Summarized Statement of Operations—NYC Retail Portfolio Investment—Fair Value Option Investment
Three Months Ended June 30, 2021
Three Months Ended June 30, 2020
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
Total revenue
$
1,040
$
428
$
1,076
$
1,934
Net investment income (loss)
525
(
174
)
32
910
Net change in unrealized loss on investment in real estate venture
(
4,039
)
(
12,113
)
(
132
)
(
43,673
)
Net loss
$
(
3,514
)
$
(
12,287
)
$
(
100
)
$
(
42,763
)
NOTE 5—
MORTGAGE NOTES AND OTHER DEBT PAYABLE
Mortgage notes and other debt payable have various maturities through 2031 and consist of the following:
Mortgage notes and other debt payable
Maturity Date
Interest
Rate
Amount payable as of
June 30, 2021
December 31, 2020
Mortgage notes payable
(1) (2) (3) (4) (5) (6) (7)
June 1, 2023 - March 1, 2038
2.41
% -
5.30
%
$
916,925
$
771,043
Credit facility
Term loans
May 25, 2024
3.10
%
100,000
100,000
TOTAL
$
1,016,925
$
871,043
Net debt discount on assumed debt and debt issuance costs
(
8,429
)
(
2,941
)
Mortgage notes and other debt payable, net
$
1,008,496
$
868,102
South Seattle Distribution Center
(8)
$
—
$
17,873
Mortgage notes and other debt payable of held for sale property
$
—
$
17,873
________
(1)     On February 10, 2021, we entered into a $
34,000
mortgage payable on Whitestown Distribution Center. The mortgage note bears an interest of
2.95
% and matures on February 10, 2028.
(2)    On March 8, 2021, we repaid the mortgage note payable related to 140 Park Avenue in the amount of $
22,800
.
(3)    On March 11, 2021, we entered into a $
36,030
mortgage payable on Townlake of Coppell.  The mortgage note bears an interest rate of
2.41
% and matures on April 10, 2028.
(4)     On March 17, 2021, we repaid the mortgage note payable related to Monument IV in the amount of $
40,000
.
(5)     On April 26, 2021, we entered into a $
52,250
mortgage payable on Louisville Distribution Center. The mortgage bears an interest rate of
1.76
% and matures on May 1, 2026.
(6)    On May 18, 2021, we entered into a $
49,000
mortgage payable on Southeast Phoenix Distribution Center. The mortgage bears an interest rate of
2.70
% and matures on June 1, 2028.
(7)    On June 30, 2021, we entered into a $
39,900
mortgage payable on Princeton North Andover. The mortgage bears an interest rate of LIBOR + 1.55% (
1.65
% at June 30, 2021) and matures on June 1, 2028.
(8)    The property associated with this loan was designated as held for sale as of December 31, 2020. The property associated with this loan was sold on January 8, 2021 and the loan was repaid.
14
Aggregate future principal payments of mortgage notes and other debt payable as of June 30, 2021 are as follows:
Year
Amount
2021
$
6,856
2022
88,896
2023
123,889
2024
191,221
2025
191,152
Thereafter
414,911
Total
$
1,016,925
Credit Facility
On May 24, 2021, we entered into a credit agreement providing for a $
650,000
revolving line of credit and unsecured term loan (collectively, the "Credit Facility") with a syndicate of eight lenders led by JPMorgan Chase Bank, N.A., Bank of America, N.A., PNC Capital Markets LLC and Wells Fargo Bank, N.A. The Credit Facility provides us with the ability, from time to time, to increase the size of the Credit Facility up to a total of $800 million, subject to receipt of lender commitments and other conditions. The $650,000 Credit Facility consists of a $
415,000
revolving credit facility (the "Revolving Credit Facility") and a $
235,000
term loan (the "Term Loan") with the ability to delay the draw of up to $
135,000
for a period of six months. The Revolving Credit Facility contains a sublimit of $25,000 for letters of credit. The primary interest rate for the Revolving Credit Facility is based on LIBOR, plus a margin ranging from
1.40
% to
2.10
%, depending on our total leverage ratio. The primary interest rate for the Term Loan is based on LIBOR, plus a margin ranging from
1.35
% to 2.05%, depending on our total leverage ratio. The maturity date of the Revolving Credit Facility and the Term Loan is
May 24, 2024
.  Based on our current total leverage ratio, we can elect to borrow at LIBOR plus 1.45% and LIBOR plus 1.40% for the Revolving Credit Facility and Term Loan, respectively, or alternatively, we can choose to borrow at a "base rate" equal to (i) the highest of (a) the Federal Funds Rate plus 0.5%, (b) the prime rate announced by JPMorgan Chase Bank, N.A., and (c) LIBOR plus 1.0%, plus (ii) a margin ranging from 0.40% to 1.10% for base rate loans under the Revolving Credit Facility or a margin ranging from 0.35% to 1.05% for base rate loans under the Term Loan. If the "base rate" is less than 1.0%, it will be deemed to be 1.0% for purposes of the Credit Facility. We intend to use the Revolving Credit Facility to cover short-term capital needs, for new property acquisitions and working capital.  We may not draw funds on our Credit Facility if we (i) experience a material adverse effect, which is defined to include, among other things, (a) a material adverse effect on the business, assets, operations or financial condition of the Company taken as a whole; (b) the inability of any loan party to perform any of its obligations under any loan document; or (c) a material adverse effect upon the validity or enforceability of any loan document or (ii) are in default, as that term is defined in the agreement, including a default under certain other loan agreements and/or guarantees entered into by us or our subsidiaries. As of June 30, 2021, we believe no material adverse effects had occurred.  The Credit Facility provides for alternative rate benchmarks in the event that LIBOR is no longer appropriate or available.
At June 30, 2021, we had $
0
outstanding under the Revolving Credit Facility at LIBOR + 1.40% and $
100,000
outstanding under the Term Loan at LIBOR +
1.35
%.  We swapped the LIBOR portion of our $
100,000
Term Loan to a blended fixed rate of
1.80
% (all in rate of
3.15
% at June 30, 2021) and swapped $90,000 of the Revolving Credit Facility to a fixed rate of
2.64
% (all in rate of
4.04
%) at June 30, 2021. The interest rate swap agreements have maturity dates ranging from May 26, 2022 through February 17, 2023.
Covenants
At June 30, 2021, we were in compliance with all debt covenants.
Debt Issuance Costs
Debt issuance costs are capitalized, and presented net of mortgage notes and other debt payable, and amortized over the terms of the respective agreements as a component of interest expense. Accumulated amortization of debt issuance costs at June 30, 2021 and December 31, 2020 was $
6,690
and $
6,749
, respectively.
15
NOTE 6—
COMMON STOCK
We have five classes of common stock: Class A, Class M, Class A-I, Class M-I, and Class D.  The fees payable to LaSalle Investment Management Distributors, LLC, an affiliate of our Advisor and the dealer manager for our offerings (the "Dealer Manager"), with respect to each outstanding share of each class, as a percentage of NAV, are as follows:
Selling Commission
(1)
Dealer Manager Fee
(2)
Class A Shares
up to 3.0%
0.85%
Class M Shares
—
0.30%
Class A-I Shares
up to 1.5%
0.30%
Class M-I Shares
—
None
Class D Shares
(3)
up to 1.0%
None
________
(1)     Selling commissions are paid on the date of sale of our common stock.
(2)     We accrue all future dealer manager fees up to the ten percent regulatory limitation as accrued offering costs on our Consolidated Balance Sheets on the date of sale of our common stock.  For NAV calculation purposes, dealer manager fees are accrued daily, on a continuous basis equal to 1/365th of the stated fee.  Each Class A, Class M and Class A-I share sold in a public offering will automatically convert into the number of Class M-I shares based on the then-current applicable NAV of each class on the date following the termination of the primary portion of such public offering in which we, with the assistance of the Dealer Manager, determine that total underwriting compensation paid with respect to such public offering equals 10% of the gross proceeds from the primary portion of such public offering.
(3)     Shares of Class D common stock are only being offered pursuant to a private offering.
The selling commissions and dealer manager fees are offering costs and are recorded as a reduction of additional paid in capital.
Stock Transactions
The stock transactions for each of our classes of common stock for the six months ended June 30, 2021 were as follows:
Shares of
Class A
Common Stock
Shares of
Class M
Common Stock
Shares of
Class A-I
Common Stock
Shares of
Class M-I
Common Stock
Shares of
Class D
Common Stock
Balance, December 31, 2020
89,671,096
35,612,156
9,616,299
33,247,001
4,957,915
Issuance of common stock
7,185,987
1,276,355
144,404
7,153,475
2,555,366
Repurchase of common stock
(
4,029,628
)
(
1,316,457
)
(
175,871
)
(
1,442,688
)
—
Share conversions
(
86,530
)
(
515,830
)
—
601,703
—
Balance, June 30, 2021
92,740,925
35,056,224
9,584,832
39,559,491
7,513,281
Stock Issuances
The stock issuances for our classes of common stock, including those issued through our distribution reinvestment plan, for the six months ended June 30, 2021 were as follows:
Six Months Ended June 30, 2021
# of shares
Amount
Class A Shares
7,185,987
$
85,794
Class M Shares
1,276,355
15,162
Class A-I Shares
144,404
1,722
Class M-I Shares
7,153,475
84,772
Class D Shares
2,555,366
30,000
Total
$
217,450
16
Share Repurchase Plan
Our share repurchase plan allows stockholders, subject to a one-year holding period, with certain exceptions, to request that we repurchase all or a portion of their shares of common stock on a daily basis at that day's NAV per share, limited to
5
% of aggregate Company NAV per quarter. For the six months ended June 30, 2021, we repurchased
6,964,644
shares of common stock in the amount of $
82,135
. During the six months ended June 30, 2020, we repurchased
14,715,002
shares of common stock in the amount of $
177,909
.
Distribution Reinvestment Plan
Pursuant to our distribution reinvestment plan, holders of shares of any class of our common stock may elect to have their cash distributions reinvested in additional shares of our common stock at the NAV per share applicable to the class of shares being purchased on the distribution date.  For the six months ended June 30, 2021, we issued
2,348,551
shares of common stock for $
27,998
under the distribution reinvestment plan. For the six months ended June 30, 2020, we issued
3,370,113
shares of common stock for $
40,541
under the distribution reinvestment plan.
Operating Partnership Units
In connection with the acquisition of Siena Suwanee Town Center, we issued
1,217,092
OP Units to third parties for a total of $
14,252
.  After a one-year holding period, holders of OP Units generally have the right to cause the operating partnership to redeem all or a portion of their OP Units for, at our sole discretion, shares of our common stock, cash, or a combination of both.
Earnings Per Share
We compute net income per share for Class A, Class M, Class A-I, Class M-I and Class D common stock using the two-class method. Our Advisor may earn a performance fee (see
Note 9-Related Party Transactions
), which may impact the net income of each class of common stock differently. In periods where no performance fee is recognized in our Consolidated Statements of Operations and Comprehensive Income, the net income per share will be the same for each class of common stock.
Basic and diluted net income per share for each class of common stock is computed using the weighted-average number of common shares outstanding during the period for each class of common stock. We have not issued any dilutive or potentially dilutive securities, and thus the basic and diluted net income per share for a given class of common stock is the same for each period presented.
17
The following table sets forth the computation of basic and diluted net income per share for each of our Class A, Class M, Class A-I, Class M-I and Class D common stock:
Three Months Ended June 30, 2021
Class A
Class M
Class A-I
Class M-I
Class D
Basic and diluted net loss per share:
Allocation of net loss per share before performance fee
$
(
1,904
)
$
(
729
)
$
(
201
)
$
(
786
)
$
(
157
)
Weighted average number of common shares outstanding
91,360,963
34,932,190
9,625,797
37,694,481
7,513,281
Basic and diluted net loss per share:
$
(
0.02
)
$
(
0.02
)
$
(
0.02
)
$
(
0.02
)
$
(
0.02
)
Six Months Ended June 30, 2021
Class A
Class M
Class A-I
Class M-I
Class D
Basic and diluted net income per share:
Allocation of net income per share before performance fee
$
13,398
$
5,187
$
1,424
$
5,332
$
987
Weighted average number of common shares outstanding
90,565,959
35,054,212
9,631,765
36,031,214
6,680,316
Basic and diluted net income per share:
$
0.15
$
0.15
$
0.15
$
0.15
$
0.15
Three Months Ended June 30, 2020
Class A
Class M
Class A-I
Class M-I
Class D
Basic and diluted net loss per share:
Allocation of net loss per share before performance fee
$
(
4,344
)
$
(
1,760
)
$
(
480
)
$
(
1,381
)
$
(
239
)
Weighted average number of common shares outstanding
90,076,114
36,489,588
9,958,587
28,621,235
4,927,915
Basic and diluted net loss per share:
$
(
0.05
)
$
(
0.05
)
$
(
0.05
)
$
(
0.05
)
$
(
0.05
)
Six Months ended June 30, 2020
Class A
Class M
Class A-I
Class M-I
Class D
Basic and diluted net loss per share:
Allocation of net loss per share before performance fee
$
(
14,187
)
$
(
5,878
)
$
(
1,643
)
$
(
4,272
)
$
(
773
)
Weighted average number of common shares outstanding
90,903,509
37,668,688
10,520,723
27,373,005
4,927,915
Basic and diluted net loss per share:
$
(
0.16
)
$
(
0.16
)
$
(
0.16
)
$
(
0.16
)
$
(
0.16
)
Organization and Offering Costs
Organization and offering costs include, but are not limited to, legal, accounting, printing fees and personnel costs of our Advisor attributable to our organization, preparation of the registration statement, registration and qualification of our common stock for sale with the SEC, or in a private placement, and in the various states and filing fees incurred by our Advisor. LaSalle agreed to fund our organization and offering expenses for the Second Extended Public Offering until July 6, 2018, the day the registration statement was declared effective by the SEC, following which time we commenced reimbursing LaSalle over
36
months.  Following the Second Extended Public Offering commencement date, we began paying directly or reimbursing LaSalle if it pays on our behalf any organization and offering costs incurred during the Second Extended Public Offering period (other than selling commissions and dealer manager fees) as and when incurred. After the termination of the Second Extended Public Offering, LaSalle has agreed to reimburse us to the extent that the organization and offering costs that we incur exceed
15
% of our gross proceeds from the Second Extended Public Offering. Organization costs are expensed, whereas offering costs are recorded as a reduction of capital in excess of par value. As of June 30, 2021 and December 31, 2020, LaSalle had paid $
1,535
and $
1,138
, respectively, of organization and offering costs on our behalf which we had not yet reimbursed. These costs are included in accrued offering costs on the Consolidated Balance Sheets.
18
NOTE 7—DST PROGRAM
On October 16, 2019, we, through our operating partnership, initiated the DST Program to raise up to $
500,000
in private placements through the sale of beneficial interests in specific Delaware statutory trusts ("DST") holding DST Properties, which may be sourced from our existing portfolio or from newly acquired properties sourced from third parties. Each DST Property will be leased back by a wholly owned subsidiary of our operating partnership on a long-term basis of up to ten years pursuant to a master lease agreement. The master lease agreements are expected to be guaranteed by our operating partnership. As compensation for the master lease guarantee, our operating partnership will retain a fair market value purchase option giving it the right, but not the obligation, to acquire the beneficial interests in the DST from the investors at any time after two years from the closing of the applicable DST offering in exchange for OP Units or cash, at our discretion.
The sale of beneficial interests in the DST Property will be accounted for as a failed sale-leaseback transaction due to the fair market value purchase option retained by the operating partnership and as such, the property will remain on our books and records.  The proceeds received from each DST offering will be accounted for as a financing obligation on the Consolidated Balance Sheets. Upfront costs for legal work and debt placement costs for the DST totaling $
267
are accounted for as deferred loan costs and are netted against the financing obligation.
Under the master lease, we are responsible for subleasing the DST Property to tenants, for covering all costs associated with operating the underlying DST Property, and for paying base rent to the DST that owns such property. For financial reporting purposes (and not for income tax purposes), the DST Properties are included in our consolidated financial statements, with the master lease rent payments accounted for using the interest method whereby a portion is accounted for as interest expense and a portion is accounted for as a reduction of the outstanding principal balance of the financing obligation.  Upon the determination that it is probable that we will exercise the fair market value purchase option, we will recognize additional interest expense or interest income to the financing obligation to account for the difference between the fair value of the property and the outstanding liabilities.  For financial reporting purposes, the rental revenues and rental expenses associated with the underlying property of each master lease are included in the respective line items on our Consolidated Statements of Operations and Comprehensive Income. The net amount we receive from the underlying DST Properties may be more or less than the amount we pay to the investors in the specific DST and could fluctuate over time.
As of June 30, 2021, we have sold approximately $
284,922
in interests related to the DST Program.
As of June 30, 2021, the following properties are included in our DST Program:
•
The Reserve at Johns Creek,
•
Summit at San Marcos,
•
Mason Mill Distribution Center,
•
San Juan Medical Center,
•
The Penfield,
•
Milford Crossing,
•
Villas at Legacy,
•
Montecito Marketplace,
•
Whitestown Distribution Center, and
•
Louisville Airport Distribution Center.
19
NOTE 8—RENTALS UNDER OPERATING LEASES
We receive rental income from operating leases. The minimum future rentals from consolidated properties based on operating leases in place at June 30, 2021 are as follows:
Year
Amount
2021
$
85,585
2022
132,092
2023
110,755
2024
94,432
2025
84,245
Thereafter
292,010
Total
$
799,119
Minimum future rentals do not include amounts payable by certain tenants based upon a percentage of their gross sales or as reimbursement of property operating expenses. During the three and six months ended June 30, 2021, no individual tenant accounted for greater than 10% of minimum base rents.
NOTE 9—
RELATED PARTY TRANSACTIONS
Pursuant to our Advisory Agreement with LaSalle, we pay a fixed advisory fee of
1.25
% of our NAV calculated daily.  The Advisory Agreement allows for a performance fee to be earned for each share class based on the total return of that share class during the calendar year.  The performance fee is calculated as
10
% of the return in excess of
7
% per annum.  The term of our Advisory Agreement expires June 5, 2022, subject to an unlimited number of successive one year renewals.
Fixed advisory fees for the three and six months ended June 30, 2021 were $
6,749
and $
13,074
, respectively. The fixed advisory fees for the three and six months ended June 30, 2020 were $
6,279
and $
12,857
, respectively. There were
no
performance fees for the six months ended June 30, 2021 and 2020. Included in Advisor fees payable at June 30, 2021 was $
2,270
of fixed advisory fee expense. Included in Advisor fees payable for the year ended December 31, 2020 was $
2,122
of fixed advisory fee expense.
We pay Jones Lang LaSalle Americas, Inc. ("JLL Americas"), an affiliate of our Advisor, for property management, construction management, leasing, mortgage brokerage and sales brokerage services performed at various properties we own. For the three and six months ended June 30, 2021, we paid JLL Americas $
240
and $
479
, respectively, for property management and leasing services. For the three and six months ended June 30, 2020, we paid JLL Americas $
214
and $
402
, respectively, for property management and leasing services During the three and six months ended June 30, 2021, we paid JLL Americas $
209
and $
371
, respectively in mortgage brokerage fees related to the mortgage notes payable for Louisville Airport Distribution Center and Townlake of Coppell.  During the three and six months ended June 30, 2020, we paid JLL Americas $
0
and $
75
, respectively, in sales brokerage fees.
We pay the Dealer Manager selling commissions and dealer manager fees in connection with our offerings. For the three and six months ended June 30, 2021, we paid the Dealer Manager selling commissions and dealer manager fees totaling $
2,938
and $
5,552
, respectively. For the three and six months ended June 30, 2020, we paid the Dealer Manager selling commissions and dealer manager fees totaling $
2,588
and $
6,178
, respectively.  A majority of the selling commissions and dealer manager fees are reallowed to participating broker-dealers.  Included in accrued offering costs, at June 30, 2021 and December 31, 2020, were $
114,498
and $
105,770
of future dealer manager fees payable, respectively.
As of June 30, 2021 and December 31, 2020, we owed $
1,535
and $
1,138
, respectively, for organization and offering costs paid by LaSalle (see
Note 6-Common Stock
). These costs are included in accrued offering costs.
LaSalle Investment Management Distributors, LLC also serves as the dealer manager for the DST Program on a "best efforts" basis. Our taxable REIT subsidiary, which is a wholly owned subsidiary of our operating partnership, will pay the Dealer Manager upfront selling commissions, upfront dealer manager fees and placement fees of up to
5.0
%,
1.0
% and
1.0
%, respectively, of the gross purchase price per unit of beneficial interest sold in the DST Program. All upfront selling commissions and upfront dealer manager fees are reallowed to participating broker-dealers.  For the three and six months ended June 30, 2021, the taxable REIT subsidiary paid $
1,715
and $
2,742
, respectively, to the Dealer Manager. For the three and six months ended June 30, 2020, the taxable REIT subsidiary paid $
249
and $
912
, respectively, to the Dealer Manager. In addition, the Dealer Manager may receive an ongoing investor servicing fee that is calculated daily on a continuous basis from year to year equal to 1/365th of (a) 0.25% of the total equity of each outstanding unit of beneficial interest for such day, payable by the
20
Delaware statutory trusts; (b) 0.85% of the NAV of each outstanding Class A OP Unit, 0.30% of the NAV of each outstanding Class M OP Unit or 0.30% of the NAV of each outstanding Class A-I OP Unit for such day issued in connection with our operating partnership's fair market value purchase option, payable by our operating partnership; and (c) 0.85% of the NAV of each outstanding Class A share, 0.30% of the NAV of each outstanding Class M share or 0.30% of the NAV of each outstanding Class A-I share for such day issued in connection with the investors' redemption right, payable by us. The investor servicing fee may continue for so long as the investor in the DST Program holds beneficial interests, Class A, Class M and Class A-I OP Units or Class A, Class M and Class A-I shares that were issued in connection with the DST Program. No investor servicing fee will be paid on Class M-I OP Units or Class M-I shares.  For the three and six months ended June 30, 2021, the Delaware statutory trusts paid $
178
and $
305
in investor servicing fees to the Dealer Manager in connection with the DST Program.  For the three and six months ended June 30, 2020, the Delaware statutory trusts paid $
14
and $
18
, respectively, in investor servicing fees to the Dealer Manager in connection with the DST program.
LaSalle also serves as the manager for the DST Program. Each Delaware statutory trust pays the manager a management fee equal to a to-be-agreed upon percentage of the total equity of such Delaware statutory trust. For the three and six months ended June 30, 2021, the Delaware statutory trusts paid $
107
and $
183
, respectively, in management fees to our Advisor in connection with the DST Program.
For the three and six months ended June 30, 2020, the Delaware statutory trusts paid $
8
and $
10
, respectively, in management fees to our Advisor in connection with the DST Program.
NOTE 10—
COMMITMENTS AND CONTINGENCIES
We are involved in various claims and litigation matters arising in the ordinary course of business, some of which involve claims for damages. Many of these matters are covered by insurance, although they may nevertheless be subject to deductibles or retentions. Although the ultimate liability for these matters cannot be determined, based upon information currently available, we believe the ultimate resolution of such claims and litigation will not have a material adverse effect on our financial position, results of operations or liquidity.
From time to time, we have entered into contingent agreements for the acquisition and financing of properties.  Such acquisitions and financings are subject to satisfactory completion of due diligence or meeting certain leasing or occupancy thresholds.
We are subject to fixed ground lease payments on South Beach Parking Garage of $
100
per year until September 30, 2021, which will increase every five years thereafter by the lesser of 12% or the cumulative CPI over the previous five year period.  We are also subject to a variable ground lease payment calculated as 2.5% of revenue.  The lease expires September 30, 2041 and has a ten-year renewal option.
The operating agreement for Presley Uptown allows the unrelated third party joint venture partner, owning a 2.5% interest, to put its interest to us at a market determined value starting September 30, 2022 until September 30, 2024.
21
NOTE 11—
SEGMENT REPORTING
We have five reportable operating segments: apartment, industrial, office, retail and other properties. Consistent with how our chief operating decision makers evaluate performance and manage our properties, the financial information summarized below is presented by operating segment and reconciled to net income for the three and six months ended June 30, 2021 and 2020.
Apartment
Industrial
Office
Retail
Other
Total
Assets as of June 30, 2021
$
854,281
$
838,704
$
333,190
$
571,639
$
22,752
$
2,620,566
Assets as of December 31, 2020
788,060
659,870
277,556
577,588
22,134
2,325,208
Three Months Ended June 30, 2021
Capital expenditures by segment
$
1,907
$
5,906
$
903
$
964
$
—
$
9,680
Revenues:
Rental revenue
$
16,934
$
15,979
$
7,425
$
12,138
$
62
$
52,538
Other revenue
2,119
57
443
93
796
3,508
Total revenues
$
19,053
$
16,036
$
7,868
$
12,231
$
858
$
56,046
Operating expenses:
Real estate taxes
$
3,065
$
2,518
$
861
$
1,639
$
122
$
8,205
Property operating expenses
5,103
1,142
1,569
2,197
183
10,194
Total segment operating expenses
$
8,168
$
3,660
$
2,430
$
3,836
$
305
$
18,399
Reconciliation to net income
Property general and administrative
$
(
184
)
Advisor fees
6,749
Company level expenses
990
Depreciation and amortization
21,218
Total operating expenses
$
47,172
Other income and (expenses):
Interest expense
$
(
10,288
)
Loss from unconsolidated real estate affiliates and fund investment
(
2,412
)
Total other income and (expenses)
$
(
12,700
)
Net loss
$
(
3,826
)
Reconciliation to total consolidated assets as of June 30, 2021
Assets per reportable segments
$
2,620,566
Investment in unconsolidated real estate affiliates, real estate fund investment and corporate level assets
440,345
Total consolidated assets
$
3,060,911
Reconciliation to total consolidated assets as of December 31, 2020
Assets per reportable segments
2,325,208
Investment in unconsolidated real estate affiliates, real estate fund investment and corporate level assets
333,391
Total consolidated assets
$
2,658,599
22
Apartment
Industrial
Office
Retail
Other
Total
Three Months Ended June 30, 2020
Capital expenditures by segment
$
715
$
542
$
663
$
226
$
—
$
2,146
Revenues:
Rental revenue
$
16,039
$
11,890
$
6,912
$
10,567
$
75
$
45,483
Other revenue
728
81
381
89
154
1,433
Total revenues
$
16,767
$
11,971
$
7,293
$
10,656
$
229
$
46,916
Operating expenses:
Real estate taxes
$
2,936
$
2,026
$
858
$
1,417
$
69
$
7,306
Property operating expenses
4,557
1,005
1,451
1,656
152
8,821
Total segment operating expenses
$
7,493
$
3,031
$
2,309
$
3,073
$
221
$
16,127
Reconciliation to net income
Property general and administrative
$
333
Advisor fees
6,279
Company level expenses
594
Depreciation and amortization
18,564
Total operating expenses
$
41,897
Other income and (expenses):
Interest expense
$
(
9,265
)
Loss from unconsolidated real estate affiliates and fund investment
(
3,970
)
Total other income and (expenses)
$
(
13,235
)
Net loss
$
(
8,216
)
23
Apartments
Industrial
Office
Retail
Other
Total
Six Months Ended June 30, 2021
Capital expenditures by segment
$
2,616
$
8,881
$
1,337
$
1,476
$
16
$
14,326
Revenues:
Rental revenue
$
32,783
$
31,205
$
14,997
$
24,191
$
93
$
103,269
Other revenue
2,878
62
815
176
1,427
5,358
Total revenues
$
35,661
$
31,267
$
15,812
$
24,367
$
1,520
$
108,627
Operating expenses:
Real estate taxes
$
6,176
$
4,978
$
1,628
$
3,272
$
237
$
16,291
Property operating expenses
9,933
2,496
3,056
4,243
377
20,105
Total segment operating expenses
$
16,109
$
7,474
$
4,684
$
7,515
$
614
$
36,396
Reconciliation to net income
Property general and administrative
$
476
Advisor fees
13,074
Company level expenses
2,183
Depreciation and amortization
41,163
Total operating expenses
$
93,292
Other income and (expenses):
Interest expense
$
(
19,550
)
Loss from unconsolidated real estate affiliates and fund investments
(
2,751
)
Gain on disposition of property and extinguishment of debt, net
33,422
Total other income and (expenses)
$
11,121
Net income
$
26,456
24
Apartments
Industrial
Office
Retail
Other
Total
Six Months Ended June 30, 2020
Capital expenditures by segment
$
1,728
$
815
$
1,461
$
849
$
—
$
4,853
Revenues:
Rental revenue
$
32,280
$
23,882
$
13,312
$
22,782
$
144
$
92,400
Other revenue
1,515
188
656
212
605
3,176
Total revenues
$
33,795
$
24,070
$
13,968
$
22,994
$
749
$
95,576
Operating expenses:
Real estate taxes
$
5,833
$
4,126
$
1,706
$
3,010
$
172
$
14,847
Property operating expenses
9,052
1,984
2,654
3,529
360
17,579
Total segment operating expenses
$
14,885
$
6,110
$
4,360
$
6,539
$
532
$
32,426
Reconciliation to net income
Property general and administrative
$
2,881
Advisor fees
12,857
Company level expenses
1,548
Depreciation and amortization
37,620
Total operating expenses
$
87,332
Other income and (expenses):
Interest expense
$
(
23,800
)
Loss from unconsolidated real estate affiliates and fund investments
(
12,897
)
Gain on disposition of property and extinguishment of debt, net
1,708
Total other income and (expenses)
$
(
34,989
)
Net loss
$
(
26,745
)
25
NOTE 12—
SUBSEQUENT EVENTS
On July 2, 2021, we acquired two industrial buildings totaling
153,000
square feet located in San Marcos and Poway, California for approximately $
36,640
. The acquisitions were funded with cash on hand.
On July 9, 2021, we acquired a
130,000
square foot industrial property located in Fremont, California for approximately $
32,000
using cash on hand.
On August 5, 2021, we acquired a
49
% interest in GVI RH JV Investor, LLC, which owns a
95
% interest in a joint venture, alongside a prominent national single family rental operating company, of a portfolio of approximately 4,000 stabilized single family rental homes located in various markets across the United States, including Atlanta, Dallas, Phoenix, Nashville and Charlotte, among others. The seller will retain a
51
% interest. The portfolio is encumbered by RMBS in a net amount of $
760,000
maturing in the fourth quarter of 2025 at an interest rate of
2.1
%. The equity purchase price is approximately $
205,000
.  We funded the transaction using cash on hand and a draw on our revolving line of credit.
On August 10, 2021, our board of directors approved a gross dividend for the third quarter of 2021 of $
0.135
per share to stockholders of record as of September 24, 2021. The dividend will be paid on or around September 29, 2021.  Class A, Class M, Class A-I, Class M-I and Class D stockholders will receive $
0.135
per share, less applicable class-specific fees, if any.
On August 10, 2021, our board of directors approved increasing our DST Program by an additional $
500,000
in private placements through the sale of beneficial interests in specific DST Properties, which may be sourced from our existing portfolio or from newly acquired properties sourced from third parties.
*  *  *  *  *  *
26
Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations.
$ in thousands, except per share amounts
Cautionary Note Regarding Forward-Looking Statements
This Quarterly Report on Form 10-Q ("Form 10-Q") may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), regarding, among other things, our plans, strategies and prospects, both business and financial. Forward-looking statements include, but are not limited to, statements that represent our beliefs concerning future operations, strategies, financial results or other developments. Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "should," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this Form 10-Q is filed with the SEC. Except as required by law, we do not undertake to update or revise any forward-looking statements contained in this Form 10-Q. Important factors that could cause actual results to differ materially from the forward-looking statements are disclosed in "Item 1A. Risk Factors," "Item 1. Business" and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" contained in our 2020 Form 10-K and our periodic reports filed with the SEC.
Management Overview
The following Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is intended to help the reader understand our results of operations and financial condition. This MD&A is provided as a supplement to, and should be read in conjunction with, our consolidated financial statements and the accompanying notes to the consolidated financial statements appearing elsewhere in this Form 10-Q. All references to numbered Notes are to specific notes to our consolidated financial statements beginning on page 7 of this Form 10-Q, and the descriptions referred to are incorporated into the applicable portion of this section by reference. References to "base rent" in this Form 10-Q refer to cash payments made under the relevant lease(s), excluding real estate taxes and certain property operating expenses that are paid by us and are recoverable under the relevant lease(s) and exclude adjustments for straight-line rent revenue and above- and below-market lease amortization.
The discussions surrounding our Consolidated Properties refer to our wholly or majority owned and controlled properties, including our DST Properties, which as of June 30, 2021, were comprised of:
Apartment
•
The Edge at Lafayette,
•
Townlake of Coppell,
•
AQ Rittenhouse,
•
Lane Parke Apartments,
•
Dylan Point Loma,
•
The Penfield,
•
180 North Jefferson,
•
Jory Trail at the Grove,
•
The Reserve at Johns Creek,
•
Villas at Legacy,
•
Stonemeadow Farms,
•
Summit at San Marcos,
•
Presley Uptown, and
•
Princeton North Andover (acquired in 2021).
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Industrial
•
Kendall Distribution Center,
•
Norfleet Distribution Center,
•
Suwanee Distribution Center,
•
3325 Trinity Boulevard,
•
Charlotte Distribution Center,
•
DFW Distribution Center,
•
O'Hare Industrial Portfolio,
•
Tampa Distribution Center,
•
Aurora Distribution Center,
•
Valencia Industrial Portfolio,
•
Pinole Point Distribution Center,
•
Mason Mill Distribution Center,
•
Fremont Distribution Center,
•
3324 Trinity Boulevard,
•
Taunton Distribution Center,
•
Chandler Distribution Center,
•
Fort Worth Distribution Center, (acquired in 2020),
•
Whitestown Distribution Center (acquired in 2020),
•
Louisville Distribution Center (acquired in 2021),
•
Southeast Phoenix Distribution Center (acquired in 2021), and
•
Louisville Airport Distribution Center (acquired in 2021).
Office
•
Monument IV at Worldgate,
•
140 Park Avenue,
•
San Juan Medical Center,
•
Genesee Plaza,
•
Fountainhead Corporate Park (acquired in 2020), and
•
170 Park Avenue (acquired in 2021).
Retail
•
The District at Howell Mill,
•
Grand Lakes Marketplace,
•
Oak Grove Plaza,
•
Rancho Temecula Town Center,
•
Skokie Commons,
•
Whitestone Market,
•
Maui Mall,
•
Silverstone Marketplace,
•
Kierland Village Center,
•
Timberland Town Center,
•
Montecito Marketplace, and
•
Milford Crossing (acquired in 2020).
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Other
•
South Beach Parking Garage.
Sold Properties
•
24823 Anza Drive (sold in 2020), and
•
South Seattle Distribution Center (sold in 2021).
Discussions surrounding our Unconsolidated Properties refer to the following properties as of June 30, 2021:
Property
Property Type
Chicago Parking Garage
Parking
NYC Retail Portfolio
(1)
Retail
Pioneer Tower
Office
The Tremont
Apartment
The Huntington
Apartment
Siena Suwanee Town Center
(2)
Apartment
________
(1)       We have elected the fair value option to account for this investment.
(2)       Investment was acquired on December 15, 2020.
Our primary business is the ownership and management of a diversified portfolio of apartment, industrial, office, retail and other properties primarily located in the United States. It is expected that over time our real estate portfolio will be further diversified on a global basis and will be complemented by investments in real estate-related assets.
We are managed by our Advisor, LaSalle Investment Management, Inc., a subsidiary of our Sponsor, Jones Lang LaSalle Incorporated (NYSE: JLL), a leading global financial and professional services firm that specializes in commercial real estate and investment management. We hire property management and leasing companies to provide the on-site, day-to-day management and leasing services for our properties. When selecting a property management or leasing company for one of our properties, we look for service providers that have a strong local market or industry presence, create portfolio efficiencies, have the ability to develop new business for us and will provide a strong internal control environment that will comply with our Sarbanes-Oxley Act of 2002 internal control requirements. We currently use a mix of property management and leasing service providers that include large national real estate service firms, including an affiliate of our Advisor and smaller local firms.
We seek to minimize risk and maintain stability of income and principal value through broad diversification across property sectors and geographic markets and by balancing tenant lease expirations and debt maturities across the real estate portfolio. Our diversification goals also take into account investing in sectors or regions we believe will create returns consistent with our investment objectives. Under normal conditions, we intend to pursue investments principally in well-located, well-leased properties within the apartment, industrial, office, retail and other sectors. We expect to actively manage the mix of properties and markets over time in response to changing operating fundamentals within each property sector and to changing economies and real estate markets in the geographic areas considered for investment. When consistent with our investment objectives, we also seek to maximize the tax efficiency of our investments through like-kind exchanges and other tax planning strategies.
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The following charts summarize our portfolio diversification by property sector and geographic region based upon the fair value of our properties. These tables provide examples of how our Advisor evaluates our real estate portfolio when making investment decisions.
Estimated Percent of Fair Value as of June 30, 2021:
30
Our investments are not materially impacted by seasonality, despite certain of our retail tenants being impacted by seasonality. Percentage rents (rents computed as a percentage of tenant sales) that we earn from investments in retail properties may, in the future, be impacted by seasonality.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. For example, significant estimates and assumptions have been made with respect to the useful lives of assets, recoverable amounts of receivables, fair value of derivatives and real estate assets, initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to property acquisitions. Actual results could differ from those estimates.
Critical Accounting Policies
This MD&A is based upon our consolidated financial statements, which have been prepared in accordance with GAAP. The preparation of these consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. Management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We believe there have been no significant changes during the six months ended June 30, 2021 to the items that we disclosed as our critical accounting policies and estimates under "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" in our 2020 Form 10-K.
Initial Valuations and Estimated Useful Lives or Amortization Periods for Real Estate Investments and Intangibles
These estimates are particularly important as they are used for the allocation of purchase price between building, land and other identifiable intangibles, including above, below and at-market leases. As a result, the impact of these estimates on our operations could be substantial. Significant differences in annual depreciation or amortization expense may result from the differing useful life or amortization periods related to such purchased assets and liabilities.
Impairment of Long-Lived Assets
Our estimate of the expected future cash flows used in testing for impairment is subjective and based on, among other things, our estimates regarding future market conditions, rental rates, occupancy levels, costs of tenant improvements, leasing commissions and other tenant concessions, assumptions regarding the residual value of our properties at the end of our anticipated holding period, discount rates and the length of our anticipated holding period. These assumptions could differ materially from actual results. If changes in our strategy or the market conditions result in a reduction in the holding period and an earlier sale date, an impairment loss could be recognized and such loss could be material.  No such strategy changes or market conditions have been identified as of June 30, 2021.
Collectibility of Rental Revenue
Individual leases are evaluated for collectibility at each reporting period. We evaluate the collectibility of rents and other receivables at each reporting period based on factors including, among others, tenant's payment history, the financial condition of the tenant, business conditions and trends in the industry in which the tenant operates and economic conditions in the geographic area where the property is located. If evaluation of these factors or others indicates it is not probable we will collect substantially all rent we recognize an adjustment to rental revenue. If our judgment or estimation regarding probability of collection changes we may adjust or record additional rental revenue in the period such conclusion is reached.
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Properties
Properties owned at June 30, 2021, including DST Properties, are as follows:
Percentage Leased as of June 30, 2021
Property Name
Location
Acquisition Date
Ownership
%
Net Rentable
Square Feet
Consolidated Properties:
Apartment Segment:
The Edge at Lafayette
Lafayette, LA
January 15, 2008
100%
207,000
66%
Townlake of Coppell
Coppell, TX
May 22, 2015
100
351,000
94
AQ Rittenhouse
Philadelphia, PA
July 30, 2015
100
92,000
97
Lane Parke Apartments
Mountain Brook, AL
May 26, 2016
100
263,000
97
Dylan Point Loma
San Diego, CA
August 9, 2016
100
204,000
99
The Penfield
St. Paul, MN
September 22, 2016
100
245,000
89
180 North Jefferson
Chicago, IL
December 1, 2016
100
217,000
97
Jory Trail at the Grove
Wilsonville, OR
July 14, 2017
100
315,000
99
The Reserve at Johns Creek
Johns Creek, GA
July 28, 2017
100
244,000
94
Villas at Legacy
Plano, TX
June 6, 2018
100
340,000
94
Stonemeadow Farms
Bothell, WA
May 13, 2019
100
228,000
98
Summit at San Marcos
Chandler, AZ
July 31, 2019
100
257,000
99
Presley Uptown (1)
Charlotte, NC
September 30, 2019
98
190,000
94
Princeton North Andover
North Andover, MA
May 3, 2021
100
204,000
97
Industrial Segment:
Kendall Distribution Center
Atlanta, GA
June 30, 2005
100%
409,000
100%
Norfleet Distribution Center
Kansas City, MO
February 27, 2007
100
702,000
100
Suwanee Distribution Center
Suwanee, GA
June 28, 2013
100
559,000
100
Grand Prairie Distribution Center
3325 West Trinity Boulevard
Grand Prairie, TX
January 22, 2014
100
277,000
100
3324 West Trinity Boulevard
Grand Prairie, TX
May 31, 2019
100
145,000
100
Charlotte Distribution Center
Charlotte, NC
June 27, 2014
100
347,000
100
DFW Distribution Center
4050 Corporate Drive
Grapevine, TX
April 15, 2015
100
441,000
100
4055 Corporate Drive
Grapevine, TX
April 15, 2015
100
202,000
100
O'Hare Industrial Portfolio
200 Lewis
Wood Dale, IL
September 30, 2015
100
31,000
82
1225 Michael Drive
Wood Dale, IL
September 30, 2015
100
109,000
100
1300 Michael Drive
Wood Dale, IL
September 30, 2015
100
71,000
100
1301 Mittel Drive
Wood Dale, IL
September 30, 2015
100
53,000
100
1350 Michael Drive
Wood Dale, IL
September 30, 2015
100
56,000
66
2501 Allan Drive
Elk Grove, IL
September 30, 2015
100
198,000
100
2601 Allan Drive
Elk Grove, IL
September 30, 2015
100
124,000
100
Tampa Distribution Center
Tampa, FL
April 11, 2016
100
386,000
100
Aurora Distribution Center
Aurora, IL
May 19, 2016
100
305,000
100
Valencia Industrial Portfolio:
28150 West Harrison Parkway
Valencia, CA
June 29, 2016
100
87,000
100
28145 West Harrison Parkway
Valencia, CA
June 29, 2016
100
114,000
100
28904 Paine Avenue
Valencia, CA
June 29, 2016
100
117,000
100
25045 Tibbitts Avenue
Santa Clarita, CA
June 29, 2016
100
142,000
100
Pinole Point Distribution Center:
6000 Giant Road
Richmond, CA
September 8, 2016
100
225,000
100
32
Percentage Leased as of June 30, 2021
Property Name
Location
Acquisition Date
Ownership
%
Net Rentable
Square Feet
6015 Giant Road
Richmond, CA
September 8, 2016
100
252,000
100
6025 Giant Road
Richmond, CA
December 29, 2016
100
41,000
100
Mason Mill Distribution Center
Buford, GA
December 20, 2017
100
340,000
100
Fremont Distribution Center
45275 Northport Court
Fremont, CA
March 29, 2019
100
117,000
100
45630 Northport Loop East
Fremont, CA
March 29, 2019
100
120,000
100
Taunton Distribution Center
Taunton, MA
August 23, 2019
100
200,000
100
Chandler Distribution Center
1725 East Germann Road
Chandler, AZ
December 5, 2019
100
122,000
100
1825 East Germann Road
Chandler, AZ
December 5, 2019
100
89,000
89
Fort Worth Distribution Center
Fort Worth, TX
October 23, 2020
100
351,000
100
Whitestown Distribution Center
4993 Anson Boulevard
Whitestown, IN
December 11, 2020
100
280,000
100
5102 E 500 South
Whitestown, IN
December 11, 2020
100
440,000
100
Louisville Distribution Center
Shepherdsville, KY
January 21, 2021
100
1,040,000
100
Southeast Phoenix Distribution Center
6511 West Frye Road
Chandler, AZ
February 23, 2021
100
102,000
100
6565 West Frye Road
Chandler, AZ
February 23, 2021
100
118,000
100
6615 West Frey Road
Chandler, AZ
February 23, 2021
100
136,000
100
6677 West Frye Road
Chandler, AZ
February 23, 2021
100
118,000
100
Louisville Airport Distribution Center
Louisville, KY
June 24, 2021
100
283,844
100
Office Segment:
Monument IV at Worldgate
Herndon, VA
August 27, 2004
100%
228,000
100%
140 Park Avenue
Florham Park, NJ
December 21, 2015
100
100,000
100
San Juan Medical Center
San Juan Capistrano, CA
April 1, 2016
100
40,000
97
Genesee Plaza
9333 Genesee Ave
San Diego, CA
July 2, 2019
100
80,000
89
9339 Genesee Ave
San Diego, CA
July 2, 2019
100
81,000
88
Fountainhead Corporate Park
Fountainhead Corporate Park I
Tempe, AZ
February 6, 2020
100
167,000
99
Fountainhead Corporate Park II
Tempe, AZ
February 6, 2020
100
128,000
97
170 Park Avenue
Florham Park, NJ
February 2, 2021
100
147,000
100
Retail Segment:
The District at Howell Mill (1)
Atlanta, GA
June 15, 2007
88%
306,000
96%
Grand Lakes Marketplace (1)
Katy, TX
September 17, 2013
90
131,000
75
Oak Grove Plaza
Sachse, TX
January 17, 2014
100
120,000
94
Rancho Temecula Town Center
Temecula, CA
June 16, 2014
100
165,000
96
Skokie Commons
Skokie, IL
May 15, 2015
100
97,000
98
Whitestone Market
Austin, TX
September 30, 2015
100
145,000
99
Maui Mall
Kahului, HI
December 22, 2015
100
235,000
80
Silverstone Marketplace
Scottsdale, AZ
July 27, 2016
100
78,000
93
Kierland Village Center
Scottsdale, AZ
September 30, 2016
100
118,000
95
Timberland Town Center
Beaverton, OR
September 30, 2016
100
92,000
98
Montecito Marketplace
Las Vegas, NV
August 8, 2017
100
190,000
93
Milford Crossing
Milford, MA
January 29, 2020
100
159,000
99
Other Segment:
South Beach Parking Garage (2)
Miami Beach, FL
January 28, 2014
100%
130,000
N/A
33
Percentage Leased as of June 30, 2021
Property Name
Location
Acquisition Date
Ownership
%
Net Rentable
Square Feet
Unconsolidated Properties:
Chicago Parking Garage (3)
Chicago, IL
December 23, 2014
100%
167,000
N/A
NYC Retail Portfolio (4)
NY/NJ
December 8, 2015
14
1,938,000
89%
Pioneer Tower (5)
Portland, OR
June 28, 2016
100
296,000
71
The Tremont (1)
Burlington, MA
July 19, 2018
75
175,000
93
The Huntington (1)
Burlington, MA
July 19, 2018
75
115,000
92
Siena Suwanee Town Center
Suwanee, GA
December 15, 2020
100
226,000
93
________
(1)
We own a majority interest in the joint venture that owns a fee simple interest in this property.
(2)
The parking garage contains 343 stalls.  This property is owned leasehold.
(3)
We own a condominium interest in the building that contains a 366 stall parking garage.
(4)
We own an approximate 14% interest in a portfolio of eight urban infill retail properties located in the greater New York City area.
(5)
We own a condominium interest in the building that contains a 17 story multi-tenant office property.
Operating Statistics
We generally hold investments in properties with high occupancy rates leased to quality tenants under long-term, non-cancelable leases. We believe these leases are beneficial to achieving our investment objectives. The following table shows our operating statistics by property type for our consolidated properties as of June 30, 2021:
Number of
Properties
Total Area
(Sq Ft)
% of Total
Area
Occupancy %
Average Minimum
Base Rent per
Occupied Sq Ft (1)
Apartment
14
3,358,000
22
%
94
%
$
22.05
Industrial
39
9,250,000
59
100
5.42
Office
8
976,000
6
98
31.82
Retail
12
1,834,000
12
92
20.98
Other
1
130,000
1
N/A
N/A
Total
74
15,548,000
100
%
97
%
$
12.37
________
(1)
Amount calculated as in-place minimum base rent for all occupied space at June 30, 2021 and excludes any straight line rents, tenant recoveries and percentage rent revenues.
As of June 30, 2021, our average effective annual rent per square foot, calculated as average minimum base rent per occupied square foot less tenant concessions and allowances, was $10.99 for our consolidated properties.
34
Recent Events and Outlook
COVID-19 Business Outlook
The outbreak of COVID-19 was declared by the World Health Organization as a global health emergency in January 2020 and then as a pandemic in March 2020. COVID-19 has impacted global financial markets, severely restricted international trade and travel, disrupted business operations (in part or in their entirety) and negatively impacted many investment asset classes including real estate. The ongoing outbreak and corollary response could have a material adverse impact on our financial condition and results of operations. The severity of the impact brought on by these disruptions will be different across property types and markets but could have serious negative impacts on all real estate depending on the longer-term economic effects of COVID-19.
Rent Collections
Rent collections across our portfolio have continued to improve as most tenants have been able to reopen their businesses and return to normal payment patterns.  Collections have been in the upper 90 percent range, and we have received very few new requests for rent relief over the last two quarters.  Our retail tenants continue to be a slight laggard in collection of outstanding receivables as compared to the other property sectors.
Property Valuations
Property valuations across our portfolio have stabilized, and we are seeing positive valuation increases across our apartment, industrial and healthcare properties driven by good underlying property fundamentals and strong capital markets.
Credit Facility
On May 24, 2021, we entered into our Credit Facility providing for a $650,000 revolving line of credit and unsecured term loan made up of a $415,000 Revolving Credit Facility and a $235,000 of Term Loans. The Credit Facility provides us with the ability, from time to time, to increase the size of the Credit Facility up to a total of $800 million, subject to receipt of lender commitments and other conditions.
We are in compliance with our debt covenants as of June 30, 2021. We expect to maintain compliance with our debt covenants
Liquidity
At June 30, 2021,
we had in excess of $176,000 in total cash on hand and $550,000 of capacity under our Credit Facility. Looking into 2021, we expect to utilize our cash on hand and Credit Facility capacity to acquire new properties, fund repurchases of our shares and fund quarterly distributions.
Share Repurchase Plan
During the second quarter
of 2021, we repurchased $37,341 of our common stock pursuant to our Share Repurchase Plan, which had a quarterly limit of $105,224.  T
he quarterly limit on repurchases is calculated as 5% of our NAV as of the last day of the previous quarter.  The limit for the third quarter of 2021
is $111,435.
General Company and Market Commentary
On July 6, 2018, the SEC declared our Second Extended Public Offering effective registering up to $3,000,000 in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $2,700,000 of shares offered in our primary offering and up to $300,000 in shares offered pursuant to our distribution reinvestment plan. We intend to offer shares of our common stock on a continuous basis for an indefinite period of time by filing a new registration statement before the end of each offering period, subject to regulatory approval. The per share purchase price varies from day to day and, on each day, equals our NAV per share for each class of common stock, plus, for Class A and Class A-I shares, applicable selling commissions.  The Dealer Manager is distributing shares of our common stock in our Second Extended Public Offering. We intend to primarily use the net proceeds from the offering, after we pay the fees and expenses attributable to the offerings and our operations, to (1) grow and further diversify our portfolio by making investments in accordance with our investment strategy and policies, (2) reduce borrowings and repay indebtedness incurred under various financing instruments and (3) fund repurchases of our shares under our share repurchase plan.
On March 3, 2015, we commenced a private offering of up to $350,000 in shares of our Class D common stock with an indefinite duration.  Proceeds from our private offering will be used for the same corporate purposes as the proceeds from the First Extended Public Offering.
35
On October 16, 2019, through our operating partnership, we initiated the DST Program to raise up to $500,000, which our board of directors may increase in its sole discretion, in private placements exempt from registration under the Securities Act through the sale of beneficial interests to accredited investors in specific Delaware statutory trusts holding DST Properties, which may be sourced from our real properties or from third parties.
On June 4, 2021, we filed a Registration Statement on Form S-11 with the SEC for our Third Extended Public Offering to register a public offering of up to $3,000,000 in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $2,700,000 of shares offered in our primary offering and up to $300,000 in shares offered pursuant to our distribution reinvestment plan. As of August 11, 2021, the Third Extended Public Offering has not been declared effective.
Over the past nine years we have acquired 92 properties (all of these consistent with our investment strategy), sold 38 non-strategic properties, reduced our Company leverage ratio, decreased our average interest rate on debt, and increased cash reserves and Company-wide liquidity, while also providing cash flow to our stockholders through our regular quarterly dividend payments.
Capital Raised and Use of Proceeds
As of June 30, 2021, we have raised gross proceeds of over $2,684,000 from our offerings and private share sales since 2012.  We used these proceeds along with proceeds from mortgage debt to acquire approximately $3,129,000 of real estate investments, deleverage the Company by repaying mortgage loans of approximately $647,000 and repurchase shares of our common stock for approximately $850,000.
Property Acquisitions
On January 21, 2021, we acquired Louisville Distribution Center, a 1,040,000 square foot industrial property located in Shepherdsville, Kentucky for approximately $95,000. The acquisition was funded with cash on hand.
On February 2, 2021, we acquired 170 Park Ave, a 147,000 square foot life sciences property located in Florham Park, New Jersey for approximately $46,600. The acquisition was funded with cash on hand.
On February 23, 2021, we acquired Southeast Phoenix Distribution Center, a four property industrial distribution center totaling 474,000 square feet located in Chandler, Arizona for approximately $91,000. The acquisition was funded with cash on hand.
On May 3, 2021, we acquired Princeton North Andover, a newly constructed, 192-unit apartment property located in North Andover, Massachusetts, for approximately $72,500. The acquisition was funded with cash on hand.
On June 24, 2021, we acquired Louisville Airport Distribution Center, a nearly 284,000 square-foot, newly constructed Class A industrial property located in the Southside/Airport industrial submarket for approximately $32,100.  The acquisition was funded with cash on hand.
Property Dispositions
On January 8, 2021, we sold South Seattle Distribution Center, a 323,000 square foot industrial property located in Seattle, Washington for approximately $72,600 less closing costs and the loan of $17,841 was retired. We recorded a gain on the sale of the property in the amount of $33,580.
Financing
On February 10, 2021, we entered into a $34,000 mortgage payable on Whitestown Distribution Center. The mortgage note bears an interest of 2.95% and matures on February 10, 2028.
On March 8, 2021, we repaid the mortgage note payable related to 140 Park Avenue in the amount of $22,800.
On March 11, 2021, we entered into a $36,030 mortgage payable on Townlake of Coppell.  The mortgage note bears an interest rate of 2.41% and matures on April 10, 2028.
On March 17, 2021, we repaid the mortgage note payable related to Monument IV in the amount of $40,000.
On April 26, 2021, we entered into a $52,250 mortgage payable on Louisville Distribution Center. The mortgage bears an interest rate of 1.76% and matures on May 1, 2026.
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On May 18, 2021, we entered into a $49,000 mortgage payable on Southeast Phoenix Distribution Center. The mortgage bears an interest rate of 2.70% and matures on June 1, 2028.
On June 30, 2021, we entered into a $39,900 mortgage payable on Princeton North Andover. The mortgage bears an interest rate of libor + 1.55% (1.65% at June 30, 2021) and matures on June 1, 2028.
Subsequent Events
On July 2, 2021, we acquired two industrial properties totaling 153,000 square feet located in San Marcos and Poway, California for approximately $36,640. The acquisitions were funded with cash on hand.
On July 9, 2021, we acquired a 130,000 square foot industrial property located in Fremont, California for approximately $32,000 using cash on hand.
On August 5, 2021, we acquired a 49% interest in GVI RH JV Investor, LLC, which owns a 95% interest in a joint venture, alongside a prominent national single family rental operating company, of a portfolio of approximately 4,000 stabilized single family rental homes located in various markets across the United States, including Atlanta, Dallas, Phoenix, Nashville and Charlotte, among others. The seller will retain a 51% interest. The portfolio is encumbered by RMBS in a net amount of $760,000 maturing in the fourth quarter of 2025 at an interest rate of 2.1%. The equity purchase price is approximately $205,000.  We funded the transaction using cash on hand and a draw on our revolving line of credit.
On August 10, 2021, our board of directors approved a gross dividend for the third quarter of 2021 of $0.135 per share to stockholders of record as of September 24, 2021. The dividend will be paid on or around September 29, 2021.  Class A, Class M, Class A-I, Class M-I and Class D stockholders will receive $0.135 per share, less applicable class-specific fees, if any.
On August 10, 2021, our board of directors approved increasing our DST Program by an additional $500,000 in private placements through the sale of beneficial interests in specific DST Properties, which may be sourced from our existing portfolio or from newly acquired properties sourced from third parties.
Investment Objectives and Strategy
Our primary investment objectives are:
•
to generate an attractive level of current income for distribution to our stockholders;
•
to preserve and protect our stockholders' capital investments;
•
to achieve appreciation of our NAV over time; and
•
to enable stockholders to utilize real estate as an asset class in diversified, long-term investment portfolios.
We cannot ensure that we will achieve our investment objectives.  Our charter places numerous limitations on us with respect to the manner in which we may invest our funds.  In most cases, these limitations cannot be changed unless our charter is amended, which may require the approval of our stockholders.
The cornerstone of our investment strategy is to acquire and manage income-producing commercial real estate properties and real estate-related assets around the world. We believe this strategy enables us to provide our stockholders with a portfolio that is well-diversified across property type, geographic region and industry, both in the United States and internationally. It is our belief that adding international investments to our portfolio over time will serve as an effective tool to construct a well-diversified portfolio designed to provide our stockholders with stable distributions and attractive long-term risk-adjusted returns.
We believe that our broadly diversified portfolio benefits our stockholders by providing:
•
diversification of sources of income;
•
access to attractive real estate opportunities currently in the United States and, over time, around the world; and
•
exposure to a return profile that should have lower correlations with other investments.
Since real estate markets are often cyclical in nature, our strategy allows us to more effectively deploy capital into property types and geographic regions where the underlying investment fundamentals are relatively strong or strengthening and away from those property types and geographic regions where such fundamentals are relatively weak or weakening. We intend to meet our investment objectives by selecting investments across multiple property types and geographic regions to achieve portfolio stability, diversification, current income and favorable risk-adjusted returns. To a lesser degree, we also
37
intend to invest in debt and equity interests backed principally by real estate, which we refer to collectively as "real estate-related assets."
We will leverage LaSalle's broad commercial real estate research and strategy platform and resources to employ a research-based investment philosophy focused on building a portfolio of commercial properties and real estate-related assets that we believe has the potential to provide stable income streams and outperform market averages over an extended holding period.  Furthermore, we believe that having access to LaSalle and JLL's international organization and platform, with real estate professionals living and working full time throughout our global target markets, will be a valuable resource to us when considering and executing upon international investment opportunities.
Our board of directors has adopted investment guidelines for our Advisor to implement and actively monitor in order to allow us to achieve and maintain diversification in our overall investment portfolio. Our board of directors formally reviews our investment guidelines on an annual basis and our investment portfolio on a quarterly basis or, in each case, more often as they deem appropriate. Our board of directors reviews the investment guidelines to ensure that the guidelines are being followed and are in the best interests of our stockholders.  Each such determination and the basis therefor shall be set forth in the minutes of the meetings of our board of directors.  Changes to our investment guidelines must be approved by our board of directors but do not require notice to or the vote of stockholders.
We seek to invest:
•
up to 95% of our assets in properties;
•
up to 25% of our assets in real estate-related assets; and
•
up to 15% of our assets in cash, cash equivalents and other short-term investments.
Notwithstanding the above, the actual percentage of our portfolio that is invested in each investment type may from time to time be outside these target levels due to numerous factors including, but not limited to, large inflows of capital over a short period of time, lack of attractive investment opportunities or increases in anticipated cash requirements for repurchase requests.
We expect to maintain a targeted Company leverage ratio (calculated as our share of total liabilities divided by our share of the fair value of total assets) of between 30% and 50%.  We intend to use low leverage, or in some cases possibly no leverage, to finance new acquisitions in order to maintain our targeted Company leverage ratio. Our Company leverage ratio was 33% as of June 30, 2021.
2021 Key Initiatives
A short-term initiative is to continue monitoring the status of COVID-19 guidance and its impact on our properties. During the remainder of 2021, we intend to use capital raised from our public and private offerings and the DST Program to acquire new investment opportunities,  repurchasing stock under our share repurchase plan, and fund quarterly distributions.  We look to make investments that fit with our investment objectives and guidelines.  Likely investment candidates may include well-located, well-leased apartment properties, industrial properties, medical office properties, single family rentals and public REIT securities.  We will also attempt to further our geographic diversification.  We will use debt financing to take advantage of the current favorable interest rate environment, while looking to keep the Company leverage ratio in the 30% to 50% range in the near term consistent with traditional core real estate.  We also intend to use our Revolving Credit Facility to allow us to efficiently manage our cash flows.
38
Results of Operations
General
Our revenues are primarily received from tenants in the form of fixed minimum base rents and recoveries of operating expenses. Our expenses primarily relate to the costs of operating and financing the properties. Our share of the net income or net loss from our unconsolidated real estate affiliates is included in income from unconsolidated affiliates and fund investments. We believe the following analysis of reportable segments provides important information about the operating results of our real estate investments, such as trends in total revenues or operating expenses that may not be as apparent in a period-over-period comparison of the entire Company.  We group our investments in real estate assets from continuing operations into five reportable operating segments based on the type of property, which are apartment, industrial, office, retail and other.  Operations from corporate level items and real estate assets sold are excluded from reportable segments.
Properties acquired or sold during any of the periods presented are presented within the recent acquisitions and sold properties line. The properties currently presented within the recent acquisitions and sold properties line include the properties listed as either acquired or sold in the Management Overview section above. Properties owned for the six months ended June 30, 2021 and 2020 are referred to as our comparable properties.
Results of Operations for the Three Months Ended June 30, 2021 and 2020
Revenues
The following chart sets forth revenues by reportable segment for the three months ended June 30, 2021 and 2020:
Three Months Ended June 30, 2021
Three Months Ended June 30, 2020
$
Change
%
Change
Revenues:
Rental revenue
Apartment
$
16,085
$
16,137
$
(52)
(0.3)
%
Industrial
12,272
11,088
1,184
10.7
Office
5,026
5,027
(1)
—
Retail
11,332
9,738
1,594
16.4
Other
62
75
(13)
(17.3)
Comparable properties total
$
44,777
$
42,065
$
2,712
6.4
%
Recent acquisitions and sold properties
7,761
3,418
4,343
127.1
Total rental revenue
$
52,538
$
45,483
$
7,055
15.5
%
Other revenue
Apartment
$
964
$
728
$
236
32.4
%
Industrial
30
26
4
15.4
Office
253
177
76
42.9
Retail
93
88
5
5.7
Other
796
154
642
416.9
Comparable properties total
$
2,136
$
1,173
$
963
82.1
%
Recent acquisitions and sold properties
1,372
260
1,112
428
Total other revenue
$
3,508
$
1,433
$
2,075
144.8
%
Total revenues
$
56,046
$
46,916
$
9,130
19.5
%
Rental revenues at comparable properties increased $2,712 for the three months ended June 30, 2021 as compared to the same period in 2020.  The increase of $1,594 within our retail segment was primarily related to an increase in collections from tenants which experienced a decrease in operations from COVID-19 in 2020.  The increase in rental revenue from our industrial properties is primarily related to $763 of rent collections at Norfleet Distribution Center and $207 at Taunton Distribution Center due to higher occupancy during the three months ended June 30, 2021 as compared to the same period of 2020.
Other revenues relate mainly to parking and nonrecurring revenue such as lease termination fees. Other revenue at comparable properties increased by $963 for the three months ended June 30, 2021 as compared to the same period in 2020. The increase is primarily related to $642 of higher parking revenue at our parking garage in South Beach due to the travel and
39
shelter in place orders placed on the city of South Beach during the three months ended June 30, 2020, which greatly reduced our revenue during that period.  The increase of $236 in our apartment segment is primarily related to increases in parking revenue, lease termination fees and insurance reimbursements across several properties during the three months ended June 30, 2021.
Operating Expenses
The following chart sets forth real estate taxes and property operating expenses by reportable segment, for the three months ended June 30, 2021 and 2020:
Three Months Ended June 30, 2021
Three Months Ended June 30, 2020
$
Change
%
Change
Operating expenses:
Real estate taxes
Apartment
$
2,969
$
2,935
$
34
1.2
%
Industrial
2,014
1,908
106
5.6
Office
631
626
5
0.8
Retail
1,533
1,318
215
16.3
Other
122
69
53
76.8
Comparable properties total
$
7,269
$
6,856
$
413
6.0
%
Recent acquisitions and sold properties
936
450
486
108
Total real estate taxes
$
8,205
$
7,306
$
899
12.3
%
Property operating expenses
Apartment
$
4,956
$
4,548
$
408
9.0
%
Industrial
1,014
976
38
3.9
Office
962
920
42
4.6
Retail
2,122
1,588
534
33.6
Other
183
152
31
20.4
Comparable properties total
$
9,237
$
8,184
$
1,053
12.9
%
Recent acquisitions and sold properties
957
637
320
50.2
Total property operating expenses
$
10,194
$
8,821
$
1,373
15.6
%
Total operating expenses
$
18,399
$
16,127
$
2,272
14.1
%
Real estate taxes at comparable properties increased by $413 for the three months ended June 30, 2021 as compared to the same period in 2020.  Our properties are reassessed periodically by the taxing authorities, which may result in increases or decreases in the real estates taxes that we owe. Overall, we expect real estate taxes to increase over time; however, we utilize real estate tax consultants to attempt to control assessment increases. The overall increase is primarily related to a reassessment at Grand Lakes Marketplace and Taunton Distribution Center resulting in higher real estate tax expense during the three months ended June 30, 2021.  In addition to the reassessments, we experienced an increase of $117 during the three months ended June 30, 2021 at Whitestone Marketplace for taxes we now pay, and recover from tenants, that were previously billed directly to tenants.
Property operating expenses consist of the costs of ownership and operation of the real estate investments, many of which are recoverable under net leases.  Examples of property operating expenses include insurance, utilities and repair and maintenance expenses.  Property operating expenses at comparable properties increased $1,053 for the three months ended June 30, 2021 as compared to the same period in 2020. The primary increase occurred within our retail segment where various increases in utilities occurred during the three months ended June 30, 2021 as compared to the same period in 2020.  The increases occurring within our apartment segment during the three months ended June 30, 2021 as compared to the same period in 2020 were related to turnover costs, repairs and maintenance and utilities.
40
The following chart sets forth expenses not directly related to the operations of the reportable segments for the three months ended June 30, 2021 and 2020:
Three Months Ended June 30, 2021
Three Months Ended June 30, 2020
$
Change
%
Change
Property general and administrative
$
(184)
$
333
$
(517)
(155.3)
%
Advisor fees
6,749
6,279
470
7.5
Company level expenses
990
594
396
66.7
Depreciation and amortization
21,218
18,564
2,654
14.3
Interest expense
10,288
9,265
1,023
11.0
Loss from unconsolidated affiliates and fund investments
2,412
3,970
(1,558)
(39.2)
Total expenses
$
41,473
$
39,005
$
2,468
6.3
%
Property general and administrative expenses relate mainly to property expenses unrelated to the operations of the property. Property general and administrative expenses decreased during the three months ended June 30, 2021 as compared to the same period in 2020 primarily due to a partial recovery of a deposit for an unsuccessful acquisition received during 2021.
Advisor fees relate to the fixed advisory and performance fees earned by the Advisor. Fixed fees increase or decrease based on changes in our NAV, which is primarily impacted by changes in capital raised and the value of our properties. The performance fee is accrued when the total return per share for a share class exceeds 7% for that calendar year, and in such years our Advisor will receive 10% of the excess total return above the 7% threshold.  The increase in advisor fees of $470 for the three months ended June 30, 2021 as compared to the same period in 2020 is related to the increase in our NAV primarily attributable to increases in property values and capital raised in the current year.
Company level expenses relate mainly to our compliance and administration related costs.  The increase of $396 in company level expenses for the three months ended June 30, 2021 is primarily related to timing of professional fees.
Depreciation and amortization expense is impacted by the values assigned to buildings, personal property and in-place lease assets as part of the initial purchase price allocation. The increase of $2,654 in depreciation and amortization expense for the three months ended June 30, 2021 as compared to the same period in 2020 was primarily related to the acquisition of new properties.
Interest expense increased by $1,023 for the three months ended June 30, 2021 as compared to the same period in 2020 primarily as a result of a $1,414 of increased interest expense from new mortgage notes payable placed on several assets in 2020 and 2021 and interest expense on the financial obligations related to the DST Program.  Offsetting this increase is a decrease of $843 in the fair value of our interest rate swaps during the three months ended June 30, 2021 as compared to the same period of 2020.
Loss from unconsolidated affiliates and fund investments relates to the income from Chicago Parking Garage, Pioneer Tower, The Tremont, The Huntington and Siena Suwanee Town Center as well as changes in fair value and operating distributions received from our investment in the NYC Retail Portfolio. During the three months ended June 30, 2021, we recorded a $1,118 decrease in the fair value of our investment in the NYC Retail Portfolio as compared to an $3,352 decrease in the fair value during the same period of 2020.
41
Results of Operations for the Six Months Ended June 30, 2021 and 2020
Revenues
The following chart sets forth revenues by reportable segment, for the six months ended June 30, 2021 and 2020:
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
$
Change
%
Change
Revenues:
Rental revenue
Apartment
$
31,933
$
32,482
$
(549)
(1.7)
%
Industrial
24,807
22,159
2,648
11.9
Office
9,966
10,280
(314)
(3.1)
Retail
22,290
21,352
938
4.4
Other
93
144
(51)
(35.4)
Comparable properties total
$
89,089
$
86,417
$
2,672
3.1
%
Recent acquisitions and sold properties
14,180
5,983
8,197
137.0
Total rental revenue
$
103,269
$
92,400
$
10,869
11.8
%
Other revenue
Apartment
$
1,722
$
1,514
$
208
13.7
%
Industrial
35
133
(98)
(73.7)
Office
474
411
63
15.3
Retail
176
171
5
2.9
Other
1,427
605
822
135.9
Comparable properties total
$
3,834
$
2,834
$
1,000
35.3
%
Recent acquisitions and sold properties
1,524
342
1,182
345.6
Total other revenue
$
5,358
$
3,176
$
2,182
68.7
%
Total revenues
$
108,627
$
95,576
$
13,051
13.7
%
Rental revenue at comparable properties increased by $2,672 for the six months ended June 30, 2021 as compared to the same period in 2020.  The increase in rental revenue from our industrial properties is primarily related to $1,710 of rent collections at Norfleet Distribution Center and $502 at Taunton Distribution Center due to higher occupancy during the six months ended June 30, 2021 as compared to the same period of 2020. The increase of $938 within our retail segment was primarily related to an increase in collections from tenants which experienced a decrease in operations from COVID-19 in 2020. The decrease of $549 within the apartment segment was primarily related to a reduction in rental rates at 180 North Jefferson as well as lower rental revenue due to uncertainty of collectibility from certain tenants during the six months ended June 30, 2021 as compared to the same period of 2020.
Other revenues relate mainly to parking and nonrecurring revenue such as lease termination fees. Other revenue at comparable properties increased by $1,000 for the six months ended June 30, 2021 as compared to the same period in 2020.  The increase is primarily related to $822 of higher parking revenue at our parking garage in South Beach primarily due to the travel and shelter in place orders placed on the city of South Beach during the six months ended June 30, 2020, which greatly reduced our revenue during that period.
42
Operating Expenses
The following chart sets forth real estate taxes, property operating expenses and provisions for doubtful accounts by reportable segment, for the six months ended June 30, 2021 and 2020:
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
$
Change
%
Change
Operating expenses:
Real estate taxes
Apartment
$
6,080
$
5,833
$
247
4.2
%
Industrial
4,096
3,863
233
6.0
Office
1,201
1,319
(118)
(8.9)
Retail
3,057
2,845
212
7.5
Other
237
172
65
37.8
Comparable properties total
$
14,671
$
14,032
$
639
4.6
%
Recent acquisitions and sold properties
1,620
815
805
98.8
Total real estate taxes
$
16,291
$
14,847
$
1,444
9.7
%
Property operating expenses
Apartment
$
9,787
$
9,254
$
533
5.8
%
Industrial
2,115
1,911
204
10.7
Office
1,956
1,852
104
5.6
Retail
4,044
3,410
634
18.6
Other
377
360
17
4.7
Comparable properties total
$
18,279
$
16,787
$
1,492
8.9
%
Recent acquisitions and sold properties
1,826
792
1,034
130.6
Total property operating expenses
$
20,105
$
17,579
$
2,526
14.4
%
Total operating expenses
$
36,396
$
32,426
$
3,970
12.2
%
Real estate taxes at comparable properties increased by $639 for the six months ended June 30, 2021 as compared to the same period in 2020. Our properties are reassessed periodically by the taxing authorities, which may result in increases or decreases in the real estates taxes that we owe. Overall, we expect real estate taxes to increase over time; however, we utilize real estate tax consultants to attempt to control assessment increases.
Property operating expenses consist of the costs of ownership and operation of the real estate investments, many of which are recoverable under net leases. Examples of property operating expenses include insurance, utilities and repair and maintenance expenses. Property operating expenses at comparable properties were in line with the prior year. The primary increase that occurred within our retail segment was related to increases in utilities during the six months ended June 30, 2021 as compared to the same period in 2020.  The other increases occurring within our apartment segment during the six months ended June 30, 2021 as compared to the same period in 2020 were related to turnover costs, repairs and maintenance and utilities.
43
The following chart sets forth expenses not directly related to the operations of the reportable segments for the six months ended June 30, 2021 and 2020
:
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
$
Change
%
Change
Property general and administrative
$
476
$
2,881
$
(2,405)
(83.5)
%
Advisor fees
13,074
12,857
217
1.7
Company level expenses
2,183
1,548
635
41.0
Depreciation and amortization
41,163
37,620
3,543
9.4
Interest expense
19,550
23,800
(4,250)
(17.9)
Loss from unconsolidated affiliates and fund investments
2,751
12,897
(10,146)
(78.7)
Gain on disposition of property and extinguishment of debt, net
(33,422)
(1,708)
(31,714)
1,856.8
Total expenses (income)
$
45,775
$
89,895
$
(44,120)
(49)
%
Property general and administrative expenses relate mainly to property expenses unrelated to the operations of the property. Property general and administrative expenses decreased for the six months ended June 30, 2021 as compared to the same period in 2020 due to expenses incurred for unsuccessful acquisitions in 2020 and a partial recovery of a deposit for an unsuccessful acquisition received in 2021.
Advisor fees relate to the fixed advisory and performance fees earned by the Advisor. Fixed fees increase or decrease based on changes in our NAV, which will be primarily impacted by changes in capital raised and the value of our properties.  The performance fee is accrued when the total return per share for a share class exceeds 7% for that calendar year, where in our Advisor will receive 10% of the excess total return above the 7% threshold.  The increase in advisor fees of $217 for the six months ended June 30, 2021 as compared to the same period of 2020 is related to the increase in our NAV attributable to capital raised and increase in property values over during the current year.
Company level expenses relate mainly to our compliance and administration related costs. Company level expenses increased $635 for the six months ended June 30, 2021 as compared to the same period in 2020 primarily related to timing of professional service fees.
Depreciation and amortization expense is impacted by the values assigned to buildings, personal property and in-place lease assets as part of the initial purchase price allocation. Depreciation and amortization expense for the six months ended June 30, 2021 as compared to the same period in 2020 increased as additional expense from acquisitions offset lower expenses from property dispositions.
Interest expense decreased by $4,250 for the six months ended June 30, 2021 as compared to the same period in 2020 as a result of unrealized gains on our interest rate swaps in 2021 as opposed to unrealized losses in 2020.  This decrease is offset by an increase in interest expense from new mortgage notes payable placed on several assets in 2020 and 2021 and interest expense on the financial obligations related to the DST Program.
Loss from unconsolidated affiliates and fund investments relates to the income from Chicago Parking Garage, Pioneer Tower, The Tremont and The Huntington as well as changes in fair value and operating distributions received from our investment in the NYC Retail Portfolio. During the six months ended June 30, 2021, we recorded a $36 decrease in the fair value in the NYC Retail Portfolio as compared to a $12,088 decrease in the fair value during the same period of 2020.
Gain on disposition of property and extinguishment of debt, net increased due to a $33,580 gain on the sale of South Seattle Distribution Center, which occurred during the six months ended June 30, 2021.
44
Funds From Operations
Consistent with real estate industry and investment community preferences, we consider funds from operations ("FFO") as a supplemental measure of the operating performance for a real estate investment trust and a complement to GAAP measures because it facilitates an understanding of the operating performance of our properties. The National Association of Real Estate Investment Trusts ("NAREIT") defines FFO as net income (loss) attributable to the Company (computed in accordance with GAAP), excluding gains or losses from cumulative effects of accounting changes, extraordinary items, impairment write-downs of depreciable real estate and sales of properties, plus real estate related depreciation and amortization and after adjustments for these items related to noncontrolling interests and unconsolidated affiliates.
FFO does not give effect to real estate depreciation and amortization because these amounts are computed to allocate the cost of a property over its useful life.   We also use Adjusted FFO ("AFFO") as a supplemental measure of operating performance.  We define AFFO as FFO adjusted for straight-line rental income, amortization of above- and below-market leases, amortization of net discount on assumed debt, gains or losses on the extinguishment and modification of debt, performance fees based on the investment returns on shares of our common stock and acquisition expenses. Because values for well-maintained real estate assets have historically increased or decreased based upon prevailing market conditions, we believe that FFO and AFFO provide investors with an additional view of our operating performance.
In order to provide a better understanding of the relationship between FFO, AFFO and GAAP net income, the most directly comparable GAAP financial reporting measure, we have provided reconciliations of GAAP net income attributable to Jones Lang LaSalle Income Property Trust, Inc. to FFO, and FFO to AFFO. FFO and AFFO do not represent cash flow from operating activities in accordance with GAAP, should not be considered alternatives to GAAP net income and are not measures of liquidity or indicators of the Company's ability to make cash distributions. We believe that to more comprehensively understand our operating performance, FFO and AFFO should be considered along with the reported net income attributable to Jones Lang LaSalle Income Property Trust, Inc. and our cash flows in accordance with GAAP, as presented in our consolidated financial statements.  Our presentations of FFO and AFFO are not necessarily comparable to the similarly titled measures of other REITs due to the fact that not all REITs use the same definitions.
The following table presents a reconciliation of the most comparable GAAP amount of net income attributable to Jones Lang LaSalle Income Property Trust, Inc. to NAREIT FFO for the periods presented:
Reconciliation of GAAP net (loss) income to NAREIT FFO
Three Months Ended June 30, 2021
Three Months Ended June 30, 2020
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
Net (loss) income attributable to Jones Lang LaSalle Income Property Trust, Inc. Common Stockholders
(1)
$
(3,777)
$
(8,204)
$
26,328
$
(26,753)
Real estate depreciation and amortization
(1)
24,849
20,820
48,271
42,088
Loss (gain) on disposition of property and unrealized gain on investment in unconsolidated real estate affiliate
(1)
1,110
3,352
(33,306)
10,441
NAREIT FFO attributable to Jones Lang LaSalle Income Property Trust, Inc. Common Stockholders
$
22,182
$
15,968
$
41,293
$
25,776
Weighted average shares outstanding, basic and diluted
181,126,712
170,103,439
177,963,466
171,423,839
NAREIT FFO per share, basic and diluted
$
0.12
$
0.09
$
0.23
$
0.15
________
(1)    Excludes amounts attributable to noncontrolling interests and includes our ownership share of both consolidated properties and unconsolidated real estate affiliates.
45
We believe AFFO is useful to investors because it provides supplemental information regarding the performance of our portfolio over time.
The following table presents a reconciliation of NAREIT FFO to AFFO for the periods presented:
Reconciliation of NAREIT FFO to AFFO
Three Months Ended June 30, 2021
Three Months Ended June 30, 2020
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
NAREIT FFO attributable to Jones Lang LaSalle Income Property Trust, Inc. Common Stockholders
$
22,182
$
15,968
$
41,293
$
25,776
Straight-line rental income
(1)
(1,033)
(438)
(1,628)
(171)
Amortization of above- and below-market leases
(1)
(818)
(733)
(1,580)
(1,357)
Amortization of net discount on assumed debt
(1)
(58)
(27)
(116)
(54)
(Gain) loss on derivative instruments and extinguishment or modification of debt
(1)
(840)
(2)
(1,616)
6,304
Adjustment for investment accounted for under the fair value option
(2)
255
724
699
1,375
Acquisition expenses
(707)
48
(599)
2,080
AFFO attributable to Jones Lang LaSalle Income Property Trust, Inc. Common Stockholders
$
18,981
$
15,540
$
36,453
$
33,953
Weighted average shares outstanding, basic and diluted
181,126,712
170,103,439
177,963,466
171,423,839
AFFO per share, basic and diluted
$
0.10
$
0.09
$
0.20
$
0.20
________
(1)    Excludes amounts attributable to noncontrolling interests and includes our ownership share of both consolidated properties and unconsolidated real estate affiliates.
(2)    Represents the normal and recurring AFFO reconciling adjustments for the NYC Retail Portfolio.
46
NAV as of June 30, 2021
The following table provides a breakdown of the major components of our NAV as of June 30, 2021:
June 30, 2021
Component of NAV
Class A Shares
Class M Shares
Class A-I Shares
Class M-I Shares
Class D Shares
Total
Real estate investments
(1)
$
1,515,634
$
574,048
$
157,089
$
648,087
$
122,903
$
3,017,761
Debt
(489,575)
(185,427)
(50,742)
(209,343)
(39,700)
(974,787)
Other assets and liabilities, net
93,283
35,331
9,668
39,888
7,565
185,735
Estimated enterprise value premium
None assumed
None assumed
None assumed
None assumed
None assumed
None assumed
NAV
$
1,119,342
$
423,952
$
116,015
$
478,632
$
90,768
$
2,228,709
Number of outstanding shares
92,740,925
35,056,224
9,584,832
39,559,491
7,513,281
NAV per share
$
12.07
$
12.09
$
12.10
$
12.10
$
12.08
________
(1)
The value of our real estate investments was greater than the historical cost by 5.4% as of June 30, 2021.
The following table provides a breakdown of the major components of our NAV as of December 31, 2020:
December 31, 2020
Component of NAV
Class A Shares
Class M Shares
Class A-I Shares
Class M-I Shares
Class D Shares
Total
Real estate investments
(1)
$
1,464,376
$
582,651
$
157,468
$
544,201
$
81,029
$
2,829,725
Debt
(472,476)
(187,990)
(50,807)
(175,584)
(26,144)
(913,001)
Other assets and liabilities, net
48,023
19,107
5,165
17,846
2,658
92,799
Estimated enterprise value premium
None assumed
None assumed
None assumed
None
assumed
None assumed
None assumed
NAV
$
1,039,923
$
413,768
$
111,826
$
386,463
$
57,543
$
2,009,523
Number of outstanding shares
89,671,096
35,612,156
9,616,299
33,247,001
4,957,915
NAV per share
$
11.60
$
11.62
$
11.63
$
11.62
$
11.61
________
(1)
The value of our real estate investments was greater than the historical cost by 2.6% as of December 31, 2020.
The increase in NAV per share from December 31, 2020 to June 30, 2021, was related to a net increase of 3.7% in the value of our portfolio.  Property operations for the six months ended June 30, 2021 had an insignificant impact on NAV as dividends declared offset property operations for the period.  Our NAV for the different share classes is reduced by normal and recurring class-specific fees and offering and organization costs.
The following are key assumptions (shown on a weighted-average basis) that are used in the discounted cash flow models to estimate the value of our real estate investments as of June 30, 2021:
Apartment
Industrial
Office
Retail
Other
(1)
Total
Company
Exit capitalization rate
4.91
%
5.28
%
5.68
%
5.50
%
6.25
%
5.30
%
Discount rate/internal rate of return (IRR)
6.12
5.91
6.46
6.37
7.80
6.20
Annual market rent growth rate
3.13
3.04
2.78
2.53
3.07
2.90
Holding period (years)
10.00
10.00
10.00
10.00
22.26
10.14
________
(1)    Other includes two standalone parking garages.  South Beach Parking Garage is subject to a ground lease and the appraisal incorporates discounted cash flows over its remaining lease term and therefore does not utilize an exit capitalization rate.
47
The following are key assumptions (shown on a weighted-average basis) that are used in the discounted cash flow models to estimate the value of our real estate investments as of December 31, 2020:
Apartment
Industrial
Office
Retail
Other
(1)
Total
Company
Exit capitalization rate
5.09
%
5.44
%
5.72
%
5.56
%
6.25
%
5.43
%
Discount rate/internal rate of return (IRR)
6.35
6.00
6.50
6.38
7.78
6.30
Annual market rent growth rate
3.03
2.96
2.80
2.50
3.13
2.83
Holding period (years)
10.00
10.00
10.00
10.00
21.81
10.15
________
(1)    Other includes Chicago and South Beach parking garages.  South Beach Parking Garage is subject to a ground lease, the appraisal incorporates discounted cash flows over its remaining lease term and therefore does not utilize an exit capitalization rate.
While we believe our assumptions are reasonable, a change in these assumptions would impact the calculation of the value of our real estate investments. For example, assuming all other factors remain unchanged, the changes listed below would result in the following effects on our real estate investment value:
Input
June 30, 2021
December 31, 2020
Discount Rate - weighted average
0.25% increase
(2.0)
%
(2.0)
%
Exit Capitalization Rate - weighted average
0.25% increase
(3.0)
%
(2.9)
Annual market rent growth rate - weighted average
0.25% decrease
(1.6)
%
(1.5)
The fair value of our mortgage notes and other debt payable was estimated to be approximately $38,320 and $43,959 higher than the carrying values at June 30, 2021 and December 31, 2020, respectively. The NAV per share would have decreased by $0.18 and $0.26 per share at June 30, 2021 and December 31, 2020, respectively, if we were to have included the fair value of our mortgage notes and other debt payable in our methodology to determine NAV.
The selling commission and dealer manager fee are offering costs and are recorded as a reduction of capital in excess of par value.  Selling commissions are paid on the date of sale of our common stock.  We accrue all future dealer manager fees up to the ten percent regulatory limit on the date of sale of our common stock.  For NAV calculation purposes, dealer manger fees are accrued daily, on a continuous basis equal to 1/365th of the stated fee.  Dealer manager fees payable are included in accrued offering costs on our Consolidated Balance Sheets.  Dealer manager fees payable as of June 30, 2021 and December 31, 2020 were $114,498 and $105,770, respectively.
48
The following table reconciles stockholders' equity per our Consolidated Balance Sheet to our NAV:
June 30, 2021
Stockholders' equity under GAAP
$
1,527,832
Adjustments:
Accrued dealer manager fees
(1)
112,110
Organization and offering costs
(2)
478
Unrealized real estate appreciation
(3)
209,722
Accumulated depreciation, amortization and other
(4)
378,567
NAV
$
2,228,709
________
(1)    Accrued dealer manager fees represents the accrual for future dealer manager fees for Class A, Class M and Class A-I shares. We accrue all future dealer manager fees up to the ten percent regulatory limit on the date of sale of our common stock as an offering cost.  For NAV calculation purposes, dealer manger fees are accrued daily, on a continuous basis equal to 1/365th of the stated fee.
(2)    The Advisor advanced organization and offering costs on our behalf through July 6, 2018. Such costs are reimbursed to the Advisor ratably over 36 months through July 5, 2021. Under GAAP, organization costs are expensed as incurred and offering costs are charged to equity as such amounts are incurred. For NAV, such costs are recognized as a reduction to NAV ratably over 36 months.
(3)    Our investments in real estate are presented under historical cost in our GAAP Consolidated Financial Statements. As such, any increases in the fair market value of our investments in real estate are not included in our GAAP results. For purposes of determining our NAV, our investments in real estate are recorded at fair value.
(4)    We depreciate our investments in real estate and amortize certain other assets and liabilities in accordance with GAAP. Such depreciation and amortization is not recorded for purposes of determining our NAV.  Additionally, we make other fair value adjustments to our NAV to account for differences with historical cost GAAP; an example would be straight-line rent revenue.
Limitations and Risks
As with any valuation methodology, our methodology is based upon a number of estimates and assumptions that may not be accurate or complete.  Our valuation methodology may not result in the determination of the fair value of our net assets as our mortgage notes and other debt payable are valued at cost.  Different parties with different assumptions and estimates could derive a different NAV per share. Accordingly, with respect to our NAV per share, we can provide no assurance that:
•
a stockholder would be able to realize this NAV per share upon attempting to resell his or her shares;
•
we would be able to achieve for our stockholders the NAV per share upon a listing of our shares of common stock on a national securities exchange, selling our real estate portfolio or merging with another company; or
•
the NAV per share, or the methodologies relied upon to estimate the NAV per share, will be found by any regulatory authority to comply with any regulatory requirements.
Furthermore, the NAV per share was calculated as of a particular point in time. The NAV per share will fluctuate over time in response to, among other things, changes in real estate market fundamentals, capital markets activities and attributes specific to the properties and leases within our portfolio.
49
Liquidity and Capital Resources
Our primary uses and sources of cash are as follows:
Uses
Sources
Short-term liquidity and capital needs such as:
•
Operating cash flow, including the receipt of distributions of our share of cash flow produced by our unconsolidated real estate affiliates and fund investment
•
Interest payments on debt
•
Distributions to stockholders
•
Proceeds from secured loans collateralized by individual properties
•
Fees payable to our Advisor
•
Minor improvements made to individual properties that are not recoverable through expense recoveries or common area maintenance charges to tenants
•
Proceeds from our Revolving Credit Facility
•
Sales of our shares
•
General and administrative costs
•
Sales of real estate investments
•
Costs associated with capital raising in our continuous public offering, private offering and DST Program
•
Proceeds from our private offering
•
Other Company level expenses
•
Draws from lender escrow accounts
•
Lender escrow accounts for real estate taxes, insurance, and capital expenditures
•
Sales of beneficial interests in the DST Program
•
Fees payable to our Dealer Manager
Longer-term liquidity and capital needs such as:
•
Acquisitions of new real estate investments
•
Expansion of existing properties
•
Tenant improvements and leasing commissions
•
Debt repayment requirements, including both principal and interest
•
Repurchases of our shares pursuant to our share repurchase plan
•
Fees payable to our Advisor
•
Fees payable to our Dealer Manager
The sources and uses of cash for the six months ended June 30, 2021 and 2020 were as follows:
Six Months Ended June 30, 2021
Six Months Ended June 30, 2020
$ Change
Net cash provided by operating activities
$
38,192
$
30,056
$
8,136
Net cash used in investing activities
(281,555)
(102,609)
(178,946)
Net cash provided by financing activities
356,555
183,366
173,189
Net cash provided by operating activities increased by $8,136 for the six months ended June 30, 2021 as compared to the same period in 2020.  The increase in cash from operating activities is primarily due to new acquisitions as well as increased rent collections from several tenants primarily in our retail segment.
Net cash used in investing activities increased by $178,946 for the six months ended June 30, 2021 as compared to the same period in 2020.  The increase was primarily related to increased acquisitions made during the six months ended June 30, 2021 as compared to the same period in 2020, offset partially by the cash received from the sale of South Seattle Distribution Center in the first quarter of 2021.
Net cash provided by financing activities increased by $173,189 for the six months ended June 30, 2021 as compared to the same period in 2020.  The change is primarily related to a $154,620 increase in stock issuance during the six months ended June 30, 2021 as compared to the same period in 2020. Additionally, less cash was used for repurchases of common stock during the six months ended June 30, 2021 as compared to the same period in 2020.
50
Financing
We have relied primarily on fixed-rate financing, locking in what were favorable spreads between real estate income yields and mortgage interest rates and have tried to maintain a balanced schedule of debt maturities. We also use interest rate derivatives to manage our exposure to interest rate movements on our variable rate debt. The following consolidated debt table provides information on the outstanding principal balances and the weighted average interest rates at June 30, 2021 and December 31, 2020:
Consolidated Debt
June 30, 2021
December 31, 2020
Principal
Balance
Weighted Average Interest Rate
Principal
Balance
Weighted Average Interest Rate
Fixed
$
977,025
3.19
%
$
871,043
3.53
%
Variable
39,900
1.65
—
—
Total
$
1,016,925
3.13
%
$
871,043
3.53
%
Covenants
At June 30, 2021, we were in compliance with all debt covenants.
Other Sources
On July 6, 2018, our Second Extended Public Offering registration statement was declared effective with the SEC (Commission File No. 333-222533) to register up to $3,000,000 in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $2,700,000 of shares offered in our primary offering and up to $300,000 in shares offered pursuant to our distribution reinvestment plan. We intend to offer shares of our common stock on a continuous basis for an indefinite period of time by filing a new registration statement before the end of each three-year offering period, subject to regulatory approval. We intend to use the net proceeds from the Second Extended Public Offering, which are not used to pay the fees and other expenses attributable to our operations, to (1) grow and further diversify our portfolio by making investments in accordance with our investment strategy and policies, (2) repay indebtedness incurred under various financing instruments and (3) fund repurchases under our share repurchase plan.
On March 3, 2015, we commenced the Private Offering of up to $350,000 in shares of our Class D common stock with an indefinite duration. Proceeds from our Private Offering will be used for the same corporate purposes as the proceeds of our First Extended Public Offering.  We will reserve the right to terminate the Private Offering at any time and to extend the Private Offering term to the extent permissible under applicable law.
On October 16, 2019, through our operating partnership, we initiated the DST Program to raise up to $500,000, which our board of directors may increase in its sole discretion, in private placements exempt from registration under the Securities Act, as amended, through the sale of beneficial interests to accredited investors in specific Delaware statutory trusts holding real properties, which may be sourced from our real properties or from third parties.
On June 4, 2021, we filed a Registration Statement on Form S-11 with the SEC (Commission File No. 333-256823) to register our Third Extended Public Offering of up to $3,000,000 in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock, consisting of up to $2,700,000 of shares offered in our primary offering and up to $300,000 in shares offered pursuant to our distribution reinvestment plan. As of August 11, 2021, the Third Extended Public Offering has not been declared effective. Proceeds from our Third Extended Public Offering will be used for the same corporate purposes as the proceeds of the Second Extended Public Offering.
Contractual Cash Obligations and Commitments
From time to time, we enter into contingent agreements for the acquisition and financing of properties.  Such acquisitions and financings are subject to satisfactory completion of due diligence or meeting certain leasing or occupancy thresholds.
We are subject to fixed ground lease payments on South Beach Parking Garage of $100 per year until September 30, 2021 and these payments will increase every five years thereafter by the lesser of 12% or the cumulative CPI over the previous five year period. We are also subject to a variable ground lease payment calculated as 2.5% of revenue. The lease expires September 30, 2041 and has a ten-year renewal option.
The operating agreement for Presley Uptown allows the unrelated third party joint venture partner, owning a 2.5% interest, to put its interest to us at a market determined value starting September 30, 2022 until September 30, 2024.
51
Off Balance Sheet Arrangements
At June 30, 2021, we had approximately $110 in an outstanding letter of credit that is not reflected on our balance sheet.  We have no other off balance sheet arrangements.
Distributions to Stockholders
To remain qualified as a REIT for federal income tax purposes, we must distribute or pay tax on 100% of our capital gains and distribute at least 90% of ordinary taxable income to stockholders.
The following factors, among others, will affect operating cash flow and, accordingly, influence the decisions of our board of directors regarding distributions:
•
scheduled increases in base rents of existing leases;
•
changes in minimum base rents and/or overage rents attributable to replacement of existing leases with new or renewal leases;
•
changes in occupancy rates at existing properties and procurement of leases for newly acquired or developed properties;
•
necessary capital improvement expenditures or debt repayments at existing properties;
•
ability of our tenants to pay rent as a result of the impact of COVID-19 on their financial condition; and
•
our share of distributions of operating cash flow generated by the unconsolidated real estate affiliates, less management costs and debt service on additional loans that have been or will be incurred.
We anticipate that operating cash flow, cash on hand, proceeds from dispositions of real estate investments or refinancings will provide adequate liquidity to conduct our operations, fund general and administrative expenses, fund operating costs and interest payments and allow distributions to our stockholders in accordance with the REIT qualification requirements of the Internal Revenue Code of 1986, as amended.
Item 3.
Quantitative and Qualitative Disclosures About Market Risk.
We are subject to market risk associated with changes in interest rates in terms of our variable-rate debt and the price of new fixed-rate debt for refinancing of existing debt. We manage our interest rate risk exposure by obtaining fixed-rate loans where possible as well as by entering into interest rate cap and swap agreements. As of June 30, 2021, we had consolidated debt of $1,016,925. Including the $8,429 net debt discount on assumed debt and debt issuance costs, we have consolidated debt of $1,008,496 at June 30, 2021. We also entered into interest rate swap agreements on $190,000 of debt, which cap the LIBOR rate at between 1.4% and 2.6%.
We are subject to interest rate risk with respect to our fixed-rate financing in that changes in interest rates will impact the fair value of our fixed-rate financing. To determine fair market value, the fixed-rate debt is discounted at a rate based on an estimate of current lending rates, assuming the debt is outstanding through maturity and considering the collateral. At June 30, 2021, the fair value of our consolidated debt was estimated to be $25,760 higher than the carrying value of $1,016,925. If treasury rates were 0.25% higher at June 30, 2021, the fair value of our consolidated debt would have been $13,295 higher than the carrying value.
52
Item 4.
Controls and Procedures.
Evaluation of Disclosure Controls and Procedures
Under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), as of the end of the period covered by this report. Based on management's evaluation as of June 30, 2021, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective to provide reasonable assurance that the information required to be disclosed by us in our reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and such information is accumulated and communicated to management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.
Changes in Internal Control Over Financial Reporting
There have not been any changes in our internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Securities and Exchange Act of 1934, as amended) during the quarter ended June 30, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. We have not experienced any material impact to our internal control over financial reporting to date as a result of most of the employees of our Advisor and its affiliates working remotely due to the COVID-19 pandemic. We are continually monitoring and assessing the COVID-19 pandemic on our internal controls to minimize the impact to their design and operating effectiveness.
PART II
OTHER INFORMATION
Item 1.
Legal Proceedings.
We are involved in various claims and litigation matters arising in the ordinary course of business, some of which involve claims for damages. Many of these matters are covered by insurance, although they may nevertheless be subject to deductibles or retentions. Although the ultimate liability for these matters cannot be determined, based upon information currently available, we believe the ultimate resolution of such claims and litigation will not have a material adverse effect on our financial position, results of operations or liquidity.
Item 1A.
Risk Factors.
The most significant risk factors applicable to the Company are described in Item 1A to our 2020 Form 10-K.  The following risk factor supplements the risk factors contained in our 2020 Form 10-K:
The phase-out of LIBOR could affect interest rates for our Term Loans and interest rate cap and swap arrangements.
LIBOR is used as a reference rate for our Term Loans and our interest rate cap and swap arrangements. On July 27, 2017, the United Kingdom's Financial Conduct Authority (the "FCA") announced it intends to stop compelling banks to submit rates for the calculation of LIBOR after 2021. The FCA subsequently announced on March 5, 2021 that the publication of LIBOR will cease for the one-week and two-month USD LIBOR settings immediately after December 31, 2021, and the remaining USD LIBOR settings immediately after June 30, 2023. Based on undertakings received from the panel banks, the FCA does not expect that any LIBOR settings will become unrepresentative before these dates. Nevertheless, the U.S. Federal Reserve System, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation have issued guidance encouraging market participants to adopt alternatives to LIBOR in new contracts as soon as practicable. It is unclear a new method of calculating LIBOR will be established, or if an alternative reference rate will be established. The Federal Reserve Board and the Federal Reserve Bank of New York organized the Alternative Reference Rates Committee, which identified the Secured Overnight Financing Rate ("SOFR") as its preferred alternative to U.S. dollar LIBOR in derivatives and other financial contracts. We are not able to predict if SOFR, or another alternative rate reference rate, attains market traction as a LIBOR replacement. Our Term Loans and interest rate cap and swap arrangements provide that if LIBOR is no longer available, then the parties to the agreements shall enter into an amendment utilizing the prevailing market convention for determining the rate of interest for syndicated loans in the United States at the time. In such circumstances the interest rates on our Term Loans and in our interest rate cap and swap arrangements may change. The new rates may not be as favorable as those in effect prior to
53
any LIBOR phase-out. In addition, the transition process may result in delays in funding, higher interest expense, additional expenses, and increased volatility in markets for instruments that currently rely on LIBOR, all of which could negatively impact our cash flow.
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
Our share repurchase plan limits repurchases during any calendar quarter to shares with an aggregate value (based on the repurchase price per share on the day the repurchase is effected) of 5% of the combined NAV of all classes of shares as of the last day of the previous calendar quarter, which means that in any 12-month period, we limit repurchases to approximately 20% of our total NAV. If the quarterly volume limitation is reached on or before the third business day of a calendar quarter, repurchase requests during the next quarter will be satisfied on a stockholder by stockholder basis, which we refer to as a "per stockholder allocation," instead of a first-come, first-served basis. Pursuant to the per stockholder allocation, each of our stockholders would be allowed to request repurchase at any time during such quarter of a total number of shares not to exceed 5% of the shares of common stock the stockholder held as of the end of the prior quarter. The per stockholder allocation requirement will remain in effect for each succeeding quarter for which the total repurchases for the immediately preceding quarter exceeded four percent of our NAV on the last business day of such preceding quarter. If total repurchases during a quarter for which the per stockholder allocation applies are equal to or less than four percent of our NAV on the last business day of such preceding quarter, then repurchases will again be first-come, first-served for the next succeeding quarter and each quarter thereafter.
During the three months ended June 30, 2021, we repurchased 3,134,052 shares of common stock under the share repurchase plan.
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum Number of Shares that May Yet Be Purchased Pursuant to the Program (1)
April 1 - April 30, 2021
1,151,879
$
11.84
1,151,879
—
May 1 - May 31, 2021
990,220
11.89
990,220
—
June 1 - June 30, 2021
991,953
12.03
991,953
—
Total
3,134,052
$
11.91
3,134,052
—
________
(1)     Repurchases are limited as described above.
Unregistered Sales of Equity Securities
On March 3, 2015, we commenced the Private Offering of up to $350,000 in shares of our Class D common stock with an indefinite duration. No Class D shares were issued during the three months ended June 30, 2021.
Item 3.
Defaults Upon Senior Securities.
Not applicable.
Item 4.
Mine Safety Disclosures.
Not applicable.
Item 5.
Other Information.
None.
54
Item 6.
Exhibits.
Exhibit No.
Description
31.1
*
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2
*
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1
*
Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2
*
Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS*
XBRL Instance Document
101.SCH*
XBRL Schema Document
101.CAL*
XBRL Calculation Linkbase Document
101.DEF*
Definition Linkbase Document
101.LAB*
XBRL Labels Linkbase Document
101.PRE*
XBRL Presentation Linkbase Document
104*
Cover Page Intereactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101)
__________
*    Filed herewith.
55
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant, Jones Lang LaSalle Income Property Trust, Inc., has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
JONES LANG LASALLE INCOME PROPERTY TRUST, INC.
Date:
August 11, 2021
By:
/s/ C. Allan Swaringen
C. Allan Swaringen
President, Chief Executive Officer
JONES LANG LASALLE INCOME PROPERTY TRUST, INC.
Date:
August 11, 2021
By:
/s/ Gregory A. Falk
Gregory A. Falk
Chief Financial Officer and Treasurer
56