Operating Partnership’s

Interest Rate –

Unsecured Debt Ratings:

Applicable Basis Points

Facility Fee

Higher of S&P or Moody’s

Above LIBOR

Basis Points

No ratings or less than BBB-/Baa3

185.0

45.0

BBB- or Baa3

150.0

35.0

BBB or Baa2(current)

125.0

25.0

BBB+or  Baa1

107.5

20.0

A-or A3 or higher

100.0

17.5