4th Quarter Review

We are in the CUSTOMER RETENTION BUSINESS

  • Average occupancy for 4Q07 of 92.3% compared to 4Q06 of 91.3%

  • January 1, 2008 occupancy of 92% compared to 92.3% at October 1, 2007

  • 92.6% leased after including 14 signed leases totaling 76,000 square feet not yet commenced

  • Customer retention ratio of 77% for 4Q07 and 72% year to date

  • 77 renewals and expansions signed in 4Q07 for 644,000 SF

  • 29 new leases signed in 4Q07 for 87,000 SF