Tuesday, July 25, 2006

The tables below need to be updated as I found a few errors. I will do this later today. CPA 16's Front-End Load needs to be lowered slightly and Inland's Operating Load needs to be raised.

Update: The correction and adjusted rankings are shown below. I caught the errors, not a sponsor. The CPA 16 change was an adjustment not an error, as the leverage was lowered to the amount used for the other REITs (compared to the figures shown in the prospectus which were in the original table). This lowered the fee, but as half this fee is deferred and accrues interest at a rate of 5%, it is still understated. (The deferred acquisition fees payable to CPA 16's Issuer grew 11% in the first quarter.)

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