text: **Capitalization Rates**
  
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              [html]<thead><tr><tdrowspan="3"></td><tdcolspan="3">December 31.2013</td><tdcolspan="3">December 31.2012</td></tr><tr><tdrowspan="2">Effective</td><tdrowspan="2">Effective</td><tdrowspan="2">Weighted</td><tdrowspan="2">Weighted</td><tdrowspan="2">Low</td><td>High</td></tr><tr><td>Average</td></tr></thead><tbody><tr><td>Low</td><td>High</td><td>Average</td><td>Apartments</td><td>4.50 %</td><td>8.00 %</td><td>5.88 %</td></tr><tr><td>4.50 %</td><td>8.00 %</td><td>6.02 %</td><td>MHCs</td><td>6.00 %</td><td>8.25 %</td><td>6.86 %</td></tr></tbody>
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