al can 5144 Actual 9060% 2016 Pre 30 Oteldecoil S5 50 55 65 65.65 S5 IS Pm 30 Gukleposi 30 GS& DM tem $5 53 S5 73 DIM Cons 65 70 30 Chlith .1 • 50bPs 2 5% • 40% 9060% new leases • Expect above market leases in NJ and Phoenix to roll in 2H I6, resulting in negative spreads • Leasi