AmREIT (AMYRZ) 8-K AmREIT Reports Third Quarter Results

Exhibit 99.2

AmREIT

Supplemental Financial InformationSeptember 30, 2008(Unaudited)

Table of Contents	Page #
Corporate Profile	1
Consolidated Balance Sheets	2
Consolidated Statements of Operations	3
Consolidated Statements of Operations - Segments	4 - 7
Summary of Operating Results
Funds From Operations	8
Dividends – All Classes of Common Shares	8
Rental and Earned Income	9
Real Estate Operating Revenue	9
Discontinued Operations	10
Interest Expense	10
Summary Balance Sheet Information
Common Share Data	11
Capitalization	11
Debt Information
Outstanding Balances and Terms	12
Fixed vs. Variable Rate Debt	13
Property & Tenant Information
Property Table	14
Tenant Concentration	15
Leasing Activity Report	15
Lease Expiration Schedule	16

This Supplemental Financial Information package contains historical information of the Company and is intended to supplement the Company’s Quarterly Report on Form 10-Q for the nine months ended September 30, 2008.  All financial information in this Supplemental Financial Information package is shown in thousands, except for per share data and share information.

Certain information contained in this Supplemental Financial Information package includes certain forward-looking statements reflecting AmREIT’s expectations in the near term that involve a number of risks and uncertainties; however, many factors may materially affect the actual results, including demand for our properties, changes in rental and occupancy rates, changes in property operating costs, interest rate fluctuations, and changes in local and general economic conditions.  Accordingly, there is no assurance that AmREIT’s expectations will be realized.

Corporate Profile:

AmREIT (AMEX: AMY) We are an established real estate company that has elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes.  We seek to create value and drive net operating income (“NOI”) growth on the properties owned in our institutional-grade portfolio of Irreplaceable Corners™ and those owned by a series of closed-end, merchant development funds.  Our primary objective is to build long-term shareholder value and continue to build and enhance the net asset value (“NAV”) of us and our advised funds. AmREIT is headquartered in Houston, Texas and has an office in Dallas, Texas.

Corporate Office:

8 Greenway Plaza, Suite 1000
Houston, Texas  77046
(800) 888-4400
(713) 850-0498 (fax)
www.amreit.com

Stock Exchange:

American Stock Exchange – AMY

1

Consolidated Balance Sheets:

			Sept 30,		December 31,
				2008		2007
ASSETS			(unaudited)
Real estate investments at cost:
	Land		$	127,582	$	130,563
	Buildings			135,228		141,045
	Tenant improvements			9,662		10,105
				272,472		281,713
	Less accumulated depreciation and amortization			(18,570)		(15,626)
				253,902		266,087
	Real estate held for sale
		and investment in direct financing leases held for sale, net		29,213		22,438
	Net investment in direct financing leases held for investment			2,066		2,058
	Intangible lease cost, net			10,590		13,096
	Investment in merchant development funds and other affiliates			5,402		10,514
		Net real estate investments		301,173		314,193
Cash and cash equivalents				344		1,221
Tenant receivables, net				3,121		4,398
Accounts receivable, net				2,227		1,251
Accounts receivable - related party				1,612		5,386
Notes receivable - related party				7,045		10,442
Deferred costs				2,262		2,472
Other assets				7,969		4,394
TOTAL ASSETS			$	325,753	$	343,757
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
	Notes payable		$	167,829	$	168,560
	Notes payable, held for sale			12,447		12,811
	Accounts payable, related party
	Accounts payable and other liabilities			7,939		7,699
	Below market leases, net			2,273		3,401
	Security deposits			710		674
		TOTAL LIABILITIES		191,198		193,145
Minority interest				1,233		1,179
Shareholders' equity:
	Preferred shares, $.01 par value, 10,000,000 shares authorized, none issued			-		-
	Class A common shares, $.01 par value, 50,000,000 shares authorized,
		6,634,489 and 6,626,559 shares issued and outstanding, respectively		66		66
	Class C common shares, $.01 par value, 4,400,000 shares authorized,
		4,152,970 and 4,143,971 shares issued and outstanding, respectively		42		41
	Class D common shares, $.01 par value, 17,000,000 shares authorized,
		11,041,185 and 11,045,763 shares issued and outstanding, respectively		110		110
	Capital in excess of par value			185,737		185,165
	Accumulated distributions in excess of earnings			(43,054)		(33,365)
	Cost of treasury shares, 1,297,236 and 337,308 Class A common shares, respectively			(9,579)		(2,584)
		TOTAL SHAREHOLDERS' EQUITY		133,322		149,433
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY			$	325,753	$	343,757

2

Consolidated Statements of Operations:

			Three months ended September 30,				Nine Months Ended September 30,
				2008	2007			2008		2007
Revenues:
	Rental income from operating leases		$	7,414	$	7,418	$	23,042	$	21,814
	Earned income from direct financing leases			60		59		180		179
	Real estate fee income			101		118		386		972
	Real estate fee income - related party			520		1,775		3,165		2,837
	Construction management fee income			118		19		364		15
	Asset management fee income - related party			377		334		1,130		930
		Total revenues		8,590		9,723		28,267		26,747
Expenses:
	General and administrative			2,216		1,508		5,651		4,357
	Property expense			2,203		1,865		6,623		5,544
	Legal and professional			331		362		1,061		1,026
	Real estate commissions			49		1		91		448
	Depreciation and amortization			1,778		1,984		6,283		5,818
		Total expenses		6,577		5,720		19,709		17,193
Operating income				2,013		4,003		8,558		9,554
Other income (expense):
	Interest and other income - related party			253		323		743		822
	Loss from merchant development funds and other affiliates			(108)		462		(497)		435
	Income tax benefit for taxable REIT subsidiary			378		(301)		434		(83)
	Interest expense			(2,333)		(2,189)		(6,895)		(6,354)
Income before discontinued operations				203		2,298		2,343		4,374
Loss from discontinued operations, net of taxes				(554)		(293)		(2,362)		(266)
	Loss from discontinued operations			(554)		(293)		(2,362)		(266)
Net income				(351)		2,005		(19)		4,108
Distributions paid to class B, C and D shareholders				(2,507)		(2,693)		(7,508)		(8,109)
Net loss available to class A shareholders			$	(2,858)	$	(688)	$	(7,527)	$	(4,001)
Net loss per class A common share - basic and diluted
	Loss before discontinued operations		$	(0.43)	$	(0.06)	$	(0.89)	$	(0.59)
	Loss from discontinued operations		$	(0.10)	$	(0.05)	$	(0.41)	$	(0.04)
	Net loss		$	(0.53)	$	(0.11)	$	(1.30)	$	(0.63)
Weighted average class A common shares used to
	compute net loss per share, basic and diluted			5,383		6,385		5,787		6,373

3

Segmented Statements of Operations:

								Asset Advisory
For the three months ended September 30, 2008 (in thousands)		Portfolio			Real Estate Operations			Securities			Merchant Development Funds			Total
Rental income		$	7,474		$	-		$	-		$	-		$	7,474
Real estate fee income						621			-			-			621
Construction management fee income			-			118			-			-			118
Asset management fee income			-			-			-			377			377
	Total revenue		7,474			739			-			377			8,590
General and administrative			340			1,848			-			28			2,216
Property expense			2,201			2			-			-			2,203
Legal and professional			321			10			-						331
Real estate commissions			-			49			-			-			49
Depreciation and amortization			1,778			-			-			-			1,778
	Total expenses		4,640			1,909			-			28			6,577
Interest income (expense)			(2,149	)		92			-			(276	)		(2,333	)
Other income/ (expense)			149			380			-			(6	)		523
Income (loss) from discontinued operations			1,158			156			(1,868	)		-			(554	)
	Net income (loss)	$	1,992		$	(542	)	$	(1,868	)	$	67		$	(351	)

4

								Asset Advisory
For the three months ended September 30, 2007 (in thousands)		Portfolio			Real Estate Operations			Securities			Merchant Development Funds			Total
Rental income		$	7,477		$	-		$	-		$	-		$	7,477
Real estate fee income			-			1,893			-			-			1,893
Construction management fee income			-			19			-			-			19
Asset management fee income			-			-			-			334			334
	Total revenue		7,477			1,912			-			334			9,723
General and administrative			352			1,206			-			(50	)		1,508
Property expense			1,860			5						-			1,865
Legal and professional			338			24			-			-			362
Real estate commissions			-			1			-			-			1
Depreciation and amortization			1,984			-			-			-			1,984
	Total expenses		4,534			1,236			-			(50	)		5,720
Interest expense			(2,038	)		(151	)		-						(2,189	)
Other income/ (expense)			(135	)		305			-			314			484
Income (loss) from discontinued operations			150			(64	)		(379	)		-			(293	)
	Net income (loss)	$	920		$	766		$	(379	)	$	698		$	2,005

5

								Asset Advisory
For the nine months ended September 30, 2008 (in thousands)		Portfolio			Real Estate Operations			Securities			Merchant Development Funds			Total
Rental income		$	23,222		$	-		$	-		$	-		$	23,222
Real estate fee income			-			3,551			-			-			3,551
Construction management fee income			-			364			-			-			364
Asset management fee income			-			-			-			1,130			1,130
	Total revenue		23,222			3,915			-			1,130			28,267
General and administrative			1,107			4,448			-			96			5,651
Property expense			6,615			8						-			6,623
Legal and professional			983			78			-						1,061
Real estate commissions			-			91			-			-			91
Depreciation and amortization			6,283			-			-			-			6,283
	Total expenses		14,988			4,625			-			96			19,709
Interest income (expense)			(6,446	)		117			-			(566	)		(6,895	)
Other income/ (expense)			405			528			-			(253	)		680
Income (loss) from discontinued operations			1,489			(1,274	)		(2,577	)		-			(2,362	)
	Net income (loss)	$	3,682		$	(1,339	)	$	(2,577	)	$	215		$	(19	)

6

								Asset Advisory
For the nine months ended September 30, 2007 (in thousands)		Portfolio			Real Estate Operations			Securities			Merchant Development Funds		Total
Rental income		$	21,993		$	-		$	-		$	-	$	21,993
Real estate fee income			-			3,809			-			-		3,809
Construction management fee income			-			15			-			-		15
Asset management fee income			-			-			-			930		930
	Total revenue		21,993			3,824			-			930		26,747
General and administrative			948			3,377			-			32		4,357
Property expense			5,519			25						-		5,544
Legal and professional			909			117			-			-		1,026
Real estate commissions			-			448			-			-		448
Depreciation and amortization			5,818			-			-			-		5,818
	Total expenses		13,194			3,967			-			32		17,193
Interest expense			(5,939	)		(415	)		-			-		(6,354	)
Other income			143			826			-			205		1,174
Income (loss) from discontinued operations			709			(169	)		(806	)		-		(266	)
	Net income (loss)	$	3,712		$	99		$	(806	)	$	1,103	$	4,108

7

AmREIT
Summary of Operating Results

		Three Months Ended September 30,						Nine Months Ended September 30,
Funds From Operations:			2008			2007			2008			2007
Income – before discontinued operations			203			2,298		$	2,343		$	4,374
Income – from discontinued operations			(554	)		(293	)		(2,362	)		(266	)
Plus depreciation of real estate assets – from operations			1,804			1,990			6,335			5,826
Plus depreciation of real estate assets – from
	discontinued operations		14			40			81			118
Adjustments for nonconsolidated affiliates			138			66			702			102
Less gain on sale of real estate held for investment			(924	)		-			(924	)		-
Less class B, C & D distributions			(2,507	)		(2,693	)		(7,508	)		(8,109	)
Total Funds From Operations available to class A
	shareholders		(1,826	)	$	1,408			($1,333	)	$	2,045
Weighted average Class A shares outstanding			5,383			6,385			5,787			6,373
Funds from operations per Class A share		$	(0.34	)	$	0.22		$	(0.23	)	$	0.32
Dividends:
Class A Common share dividends per share		$	0.12		$	0.12		$	0.36		$	0.36
Class B Common share dividends per share (1)		$	-		$	0.19		$	-		$	0.57
Class C Common share dividends per share (2)		$	0.17		$	0.17		$	0.51		$	0.51
Class D Common share dividends per share (3)		$	0.16		$	0.16		$	0.48		$	0.48

(1)  The class B common shares received a cumulative preferred dividend, fixed at 8%, payable quarterly.  On December 20, 2007, we redeemed our remaining class B common shares at $10.18 per share.

(2)  The class C common shares receive a preferred dividend, fixed at 7%, payable monthly.  The shares are convertible into our class A common shares based on 110% of invested capital (i.e. $1,000 in class C common shares will convert into $1,100 in class A common shares) after the seventh anniversary of issuance (beginning in August 2010).  We have the right to force conversion of the class C common shares into Class A common shares on a one-for-one basis or to redeem the shares at a cash redemption price of $11.00 per share at the holder’s option.

(3)  The class D common shares receive a fixed 6.5% annual dividend, payable monthly.  The shares are convertible into our class A common shares based on 107.7% of invested capital (i.e. $1,000 in class D common shares will convert into $1,077 in class A common shares) after the seventh anniversary of issuance (beginning in August 2011).  The class D common shares became callable by the Company beginning in July 2005, based on the same conversion formula, prorated for the time the shares were outstanding (107.7% of invested capital).

8

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Rental and Earned Income:		2008		2007		2008		2007
Base minimum rent	$	5,398	$	5,366	$	16,254	$	15,564
Earned income from direct financing leases		60		59		180		179
Straight line rent		70		102		81		416
Over/Under market rent		18		49		866		130
Percentage rent		149		140		129		165
Tenant reimbursements		1,679		1,733		5,612		5,358
Lease termination fees		100		27		100		179
Total Rental and Earned Income	$	7,474	$	7,477	$	23,222	$	21,993

	Three Months Ended						Nine Months Ended
	Sept 30,						Sept 30,
Real Estate Operating Revenue:		2008			2007			2008			2007
Development and construction management fees
Merchant development funds and affiliates	$	87		$	125		$	302		$	578
Unrelated third parties		31			118			173			276
Leasing and brokerage commissions
Merchant development funds and affiliates		174			1,406			2,043			1599
Unrelated third parties		70			-			213			696
Property management fees
Merchant development funds and affiliates		259			244			820			660
Unrelated third parties		-			-						-
Total Real Estate Operating Revenue	$	621		$	1,893		$	3,551		$	3,809
Percent attributable to merchant development funds and affiliates		84	%		94	%		89	%		74	%
Percent attributable to unrelated third parties		16	%		6	%		11	%		26	%

9

Discontinued Operations:

		Three months ended						Nine months ended
		September 30						September 30
			2008			2007			2008			2007
Rental revenue		$	269		$	253		$	955		$	740
Earned income from direct financing leases			441			447			1,328			1,342
Real estate fee income			17			-			115
Construction revenues			3,242			1,956			6,680			3,847
Securities commission income			344			933			1,293			3,410
Interest and other income			2			39			15			34
Gain on sale of real estate held for investment			924			-			924			-
	Total revenues		5,239			3,628			11,310			9,373
Other general and administrative			809			686			2,079			1,821
Property expense			32			73			162			155
Construction costs			2,737			1,792			6,079			3,521
Legal and professional			34			62			224			177
Securities commissions			291			788			1,131			2,862
Depreciation and amortization			14			40			81			118
Restructuring charges			2,298			-			2,298			-
Minority interest			52			28			281			104
Impairment charge			-			-			1,332			-
Interest expense			326			438			1,182			1,004
Federal income tax expense (benefit)			(800	)		14			(1,177	)		(123	)
	Total expenses		5,793			3,921			13,672			9,639
(Loss) from discontinued operations			(554	)		(293	)		(2,362	)		(266	)
Basic and diluted (loss) from discontinued operations
	per class A common share	$	(0.10	)	$	(0.05	)	$	(0.41	)	$	(0.04	)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Interest Expense:		2008			2007			2008			2007
Interest paid – floating rate	$	324		$	181		$	1,109		$	610
Interest paid – fixed rate		1,985			1,995			5,716			5,710
Loan cost amortization		84			72			249			210
Out-of-market debt amortization		(60	)		(59	)		(179	)		(176	)
Total Interest Expense	$	2,333		$	2,189		$	6,895		$	6,354

10

AmREIT
Summary Balance Sheet Information

			September 30, 2008				December 31, 2007
Class A Common Share Data:
	Closing market price		$	6.75			$	7.16
	Dividend yield			7.41	%			6.98	%
	90-day average trading volume			5,684				9,866
Total Capitalization:
	Debt		$	180,276		*	$	181,371
	Class A common shares at market			36,026				45,354
	Class C common shares as converted			45,683				45,584
	Class D common shares as converted			118,914				118,963
		Total Capitalization	$	380,899			$	391,272
	Debt to Total Capitalization			47.3	%			46.4	%

* Includes debt associated with assets held for sale in the amount of $12,447 as of September 30, 2008

11

AmREIT
Debt Information

Description	Amount Outstanding 9-30-2008		Amount Outstanding 12-31-2007		Interest Rate		Annual Debt Service		Maturity Date
MacArthur Park	$	13,410	$	13,410	6.17	%	$	827	12/1/2008
2008 Maturities	$	13,410	$	13,410
Credit Facility	$	27,880	$	30,439	4.29	%	$	1,195	10/30/2009
Commerce & Zarzamora	$	2,644	$	-	5.50	%	$	145	9/4/2009
2009 Maturities		30,524		30,439
Sugarland IHOP	$	1,075	$	1,110	8.25	%	$	138	3/1/2011
Sugar Land Plaza		2,236		2,258	7.60	%		203	11/1/2011
2011 Maturities	$	3,311	$	3,368
AAA CTL Notes (3)	$	12,447	$	12,811	7.72% - 7.89	%	$	1,110	04/2012-08/2012
5115 Buffalo Spdwy.		2,674		2,699	7.58	%		241	5/11/2012
2012 Maturities	$	15,121	$	15,510
Cinco Ranch	$	8,048	$	8,158	5.60	%	$	601	7/10/2013
Plaza in the Park		17,010		17,243	5.60	%		1,270	7/10/2013
2013 Maturities	$	25,058	$	25,401
Uptown Park	$	49,000	$	49,000	5.37	%	$	2,631	6/1/2015
2015 Maturities	$	49,000	$	49,000
Southbank - Riverwalk	$	20,000	$	20,000	5.91	%	$	1,182	6/1/2016
2016 Maturities	$	20,000	$	20,000
Bakery Square	$	3,492	$	3,704	8.00	%	$	571	2/10/2017
Uptown Plaza Dallas	$	19,900	$	19,900	5.64	%	$	783	4/1/2017
2017 Maturities	$	23,392	$	23,604
Total Maturities (2)	$	179,816	$	180,732

(1) Our revolving credit facility is a variable-rate debt instrument, and its outstanding balance fluctuates throughout the year based on our liquidity needs. Annual Debt Service on this debt instrument assumes that the amount outstanding and the interest rate as of September 30, 2008 remain constant through maturity.

(2) Total maturities above are $460 thousand and $639 thousand less than total debt as reported in our consolidated financial statements as of September 30, 2008 and December 31, 2007, respectively, due to the premium recorded on above-market debt assumed in conjunction with certain of our property acquisitions.

(3) The associated assets are held for sale as of September 30, 2008 and December 31, 2007.

12

Fixed vs. Variable Rate Debt:

	September 30, 2008		% of Total		December 31, 2007		% of Total
Variable rate	$	30,524	16.9	%	$	30,439	6.1	%
Fixed rate *		149,752	83.1	%		150,932	93.9	%
	$	180,276	100.0	%	$	181,371	100.0	%

* Includes debt of $12,447 associated with assets held for sale as of September 30, 2008

13

AmREIT
Property & Tenant Information

Grocery Anchored Shopping Centers		City	State	GLA	ABR	% Leased
1	AmREIT C-Ranch LP	Houston	TX	97,297	$ 1,259,937	100%
2	MacArthur Park	Irving	TX	237,381	3,965,635	98%
3	Plaza in the Park	Houston	TX	144,062	2,659,456	98%
3	Grocery Anchored Shopping Centers Total			478,740	$ 7,885,028
Neighborhood Lifestyle & Community Shopping Center		City	State	GLA	ABR	% Leased
1	Bakery Square	Houston	TX	34,614	$ 856,010	100%
2	Courtyard on Post Oak	Houston	TX	13,597	485,997	100%
3	Sugarland Plaza	Sugarland	TX	16,750	349,612	100%
4	Terrace Shops	Houston	TX	16,395	443,752	100%
5	Uptown Plaza (including CVS)	Houston	TX	28,000	1,242,311	100%
6	Uptown Park	Houston	TX	169,112	5,340,870	99%
7	Woodlands Plaza	The Woodlands	TX	20,018	321,724	85%
8	Southbank - Riverwalk	San Antonio	TX	46,673	1,536,786	100%
9	Uptown Plaza - Dallas	Dallas	TX	32,490	1,186,363	96%
9	Community Shopping Centers Total			377,649	$ 11,763,425
Single Tenant (Ground Leases) - Land		City	State	GLA	ABR	% Leased
1	410-Blanco (Citibank)	San Antonio	TX	4,439	$ 159,979	100%
2	Carlson Restaurants	Hanover	MD	6,802	141,674	100%
3	Darden (2)	Peachtree City	GA	6,867	84,772	100%
4	CVS Corporation (Eckerds at Yorktown)	Houston	TX	13,824	327,167	100%
5	Fontana Tract - (land) (2)	Dallas	TX	0	0	100%
6	Commerce & Zarzamora (land)	San Antonio	TX	0	0	100%
7	Woodlands Ring Road - Ground Leases	The Woodlands	TX	66,349	667,341	100%
7	Single Tenant (Ground Leases) Total			98,281	$ 1,380,933
Single Tenant (Fee Simple)		City	State	GLA	ABR	% Leased
1	AFC, Inc.	Atlanta	GA	2,583	$ 119,279	100%
2	Advance Auto	Aurora	IL	7,000	Note (1) (2) (3) (4)	0%
3	Advance Auto	St. Louis	MO	7,000	Note (1) (2) (3) (4)	0%
4	Advance Auto (land)	Washington	MO	0	Note (1) (2) (3) (4)	0%
5	McAlister's Deli	Champaign	IL	7,000	175,392	100%
6	McAlister's Deli	Peoria	IL	3,426	153,000	100%
7	Sunbelt Rental (2 acres of land)	Champaign	IL	12,000	176,970	100%
8	Carlson Restaurants	Houston	TX	8,500	215,000	100%
9	Golden Corral	Houston	TX	12,000	210,450	100%
10	Golden Corral (2)	Humble	TX	12,000	208,941	100%
11	IHOP Corporation #1483	Sugarland	TX	4,020	190,452	100%
12	IHOP Corporation #1737 (5)	Centerville	UT	4,020	163,872	100%
13	IHOP Corporation #4462 (5)	Memphis	TN	4,020	179,472	100%
14	IHOP Corporation #5318	Topeka	KS	4,020	159,504	100%
14	Single Tenant (Fee Simple) Total			87,589	$ 1,952,332
Single Tenant (Leasehold)		City	State	GLA	ABR	% Leased
15	Single Tenant (Leasehold) Total (5)	Various	Various	60,300	$ 1,530,108	100%
	Company Total Sq. Ft.			1,102,559	$ 24,511,826

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(1)      Under Development (GLA represents proposed leasable square footage)

(2)      Held for Sale

(3)      Held in joint venture of which we are the managing 50% owner.

(4)      Advance Auto properties are located in MO and IL.  Each of the properties has a proposed GLA of 7,000 square feet.

(5)       IHOP properties are located in NM, LA, TX, CA, TN, CO, VA, NY, OR, KS, and MO.  Each of the properties has a GLA of 4,020 square feet.  These properties are held by a consolidated subsidiary, 75.0% of which is owned by us, 19.6% of which is owned by AmREIT Income & Growth Corporation, one of our merchant development funds, and the remainder of which is owned by unaffiliated third parties.  We have assigned to management approximately 50% of our back-end participation interest in this entity as part of our long-term incentive compensation program.  Accordingly, approximately half of the future net cash flows from such participation interest are owned by management.

Top Tenants by base rent concentration for the nine months ended September 30, 2008:

	Three months ended				Nine months ended
	September 30,				September 30,
Tenant		2008		2007		2008		2007
IHOP Corporation*	$	556	$	561	$	1,673	$	1,686
Kroger		529		529		1,587		1,587
CVS		230		255		691		691
Grotto		85		193		334		529
Hard Rock Cafe		111		110		332		329
TGI Fridays		109		109		326		310
Champps Americana		106		112		317		317
Golden Corral		105		91		308		274
Linens 'N Things		101		101		302		302
Paesanos		89		89		267		269
	$	2,021	$	2,150	$	6,137	$	6,294

Leasing Activity for the quarter ended September 30, 2008:

			Rent per sq. ft.
	# of leases	Total sq. ft.	New Rent	Old Rent	% Change
New leases	1	8500	$42.50	$42.50	N/A
Activity on existing leases:
Lease renewals	4	5,875	$30.45	$28.04	8.59%
Non-renewals	0	N/A	N/A	N/A	N/A
Cancelled leases	2	3,452	N/A	$27.37	N/A

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Lease Expirations by Year:

	Number of
Expiration	Leases	Square	Percent
Year	Expiring	Footage	of Total
2008	5	12,465	1.19%
2009	30	79,657	7.59%
2010	30	128,507	12.24%
2011	49	186,967	17.81%
2012	21	66,168	6.30%
2013	30	93,704	8.93%
2014	9	36,370	3.46%
2015	2	7,251	0.69%
2016	10	41,068	3.91%
2017	7	47,090	4.49%
2018	2	2,737	0.26%
2019	1	4,020	0.38%
2020	4	75,991	7.24%
2021	4	89,676	8.54%
2022	2	4,020	0.38%
2023	2	71,873	6.04%
2024	3	21,864	2.08%
2025	7	45,597	4.34%
2026	4	16,080	1.53%
2027	3	12,060	1.15%
2056	1	15,120	1.44%
	226	1,058,285

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