We are a part of the communities in which we do business. Accordingly, like other businesses in our communities, we are subject to the following risks:
• the continued threat of terrorism;   • economic downturns, both on a national and on local scales;   • loss of key personnel;   • the availability, if needed, of additional financing;   • the continued availability of insurance (in different types of policies) at reasonably acceptable rates; and   • the general burdens of governmental regulation, at the Local, State and Federal levels.

       Risks Related to Real Estate Operations

       Our investment in property development may be limited by increasing costs required to “fit up” property to be leased to tenants. Also, as the cost of fitting up properties increases, we may be required to wait and forsake opportunities that would be revenue producing until such time that we obtain the necessary financing of such ventures. This risk may be mitigated by our obtaining of lines of credit and other financing vehicles, although such have significant limitations on the amounts that may be borrowed at any point in time.

       We also may be subject to environmental liability as an owner or operator of properties. Many of our properties are old and when we need to fit up a property for a new tenant, we may find materials and the like that could be deemed to contain hazardous elements requiring remediation or encapsulation.

       There are also risks associated with non-renewals of leases by the Company's landlords and the loss of major tenants. The Company is trying to mitigate the latter by leasing our properties to multiple tenants where applicable in order to diversify the tenant base.

       Risks Related to our Investments

       Excess cash and cash equivalents may be invested from time to time. We seek to earn rates of return that will help us finance our business operations. These investments may be subject to significant uncertainties and may not be successful for many reasons, including, but not limited to the following:
• fluctuations in interest rates;   • worsening of general economic and market conditions; and   • adverse legal and regulatory developments that may affect a particular business.

       Risk Factors Summary

       These are some of the “Risk Factors” that could affect the Company's business. The Company endeavors to take actions and do business in a way that reduces these “Risk Factors” or, at least, takes them into account when conducting its business. Nevertheless, some of these “Risk Factors” cannot be avoided so that the Company must also take actions and do business that negates the adverse effects that these may have on the ongoing business of the Company.