Exhibit 10.1


2005 Executive Annual Bonus Program

1.   The executive will earn a bonus opportunity, defined as a percent of annual
     salary, based on the FFO growth goals for the company in 2005.

     a.   FFO per share at or below shareholder  expectations  (defined as First
          Call guidance for 2005 at year-end) will result in no bonus.

     b.   Bonus  opportunity will be capped at 200% of salary;  the Compensation
          Committee has the discretion to adjust the opportunity by 50% based on
          various factors to compensate for overall  shareholder  performance or
          market conditions that may warrant such a modification.

     c.   Significant  and   non-recurring   transactions   and/or  events  that
          materially impact FFO may be separately considered by the Compensation
          Committee at their discretion.

2.   The  executive  will then be  entitled  to  receive a percent  of the bonus
     opportunity  based on individual  performance in meeting goals defined in a
     personal plan for each executive.

3.   The final computation will thus be as follows:

     a.   Amount of bonus  opportunity is determined  based on FFO per share for
          the year.

     b.   Adjustment,  if any, for any  "material and  non-recurring"  events as
          deemed appropriate by the Compensation Committee.

     c.   Adjustment,  if any, through applying the "discretionary  modifier" to
          the bonus  opportunity  resulting from the FFO growth target  schedule
          above (bonus opportunity can be adjusted a maximum of 50% up or down).

     d.   Final adjusted bonus  opportunity  times the percentage of achievement
          by executive of personal goals.