Six Months Ended

Earnings:

June 30, 2013

Income from continuing operations before equity in income of

unconsolidated entities and income taxes

8,929

Gain on sales of real estate, excluding

discontinued operations

2,683

Fixed charges (from below)

50,600

Amortization of capitalized interest

1,032

Distributed income of equity investees

257

Subtract:

Capitalized interest (from below)

(4,528

)

Total earnings

$

58,973

Fixed charges:

Interest expense on continuing operations

$

45,609

Interest expense on discontinued operations

131

Capitalized interest (internal and external)

4,528

Amortization of debt issuance costs-capitalized

129

Interest included in rental expense

203

Total fixed charges

$

50,600

Ratio of earnings to fixed charges

1.17