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## ASSETS 

## Income Properties 

<img src='content_image/136439.jpg'>

The REIT acquired 16 properties during the year ended December 31, 2010. These acquisitions less mortgages assumed were funded from the REIT’s general operating facility, funds from debenture issuances and proceeds received from the sale of properties. There were no properties acquired during the year ended December 31, 2009. 

## 2010 Acquisitions : 

<img src='content_image/136441.jpg'>

The dollar figures shown above for U.S. acquisitions are in Canadian dollars and are based on the exchange rates at the date of such acquisitions. 

