With five people covering the entire state of South Carolina, we're not going to be able to check them as often as we'd like.

Capitalization rate is merely one indicator of real estate value. Each property needs to be evaluated independently based on current and future income, market and submarket dynamics, physical condition and the terms of any indebtedness secured by the property. These capitalization rates and values may not be representative of future capitalization rates and values that may be achieved on the Company's remaining properties under the liquidation plan.

Our fourth quarter operating results were right in line with our expectations. We continue to see improved leasing activities, and our operations continue to become more efficient with our new third-party property managers. The trends in all our markets are positive.

We have received and expect to receive many more indications of interest as a result of our board's recent adoption of a liquidation plan. We intend to achieve the highest value reasonably attainable for our shareholders in an expeditious manner; however, we must caution that until a prospective purchaser has completed their due diligence and a definitive purchase and sale agreement with respect to one or more of the company's properties has been signed, there is no agreement on value.

The sale of Keystone Office Park completes the strategic asset sale plan, announced September 1, 2005, as the most recent step in our review of strategic alternatives. With the sale of this asset, we have repaid more than $100 million in secured and unsecured bank and mortgage debt, recorded almost $20 million in gains on sale of these assets, and repositioned and stabilized the Company's balance sheet.

Basically they're water sprays that release compressed air and water. The compressed air expands and releases energy as it is sprayed, and that causes the cooling to cause the water to form snow.