Indicate below whether each activity would be nontaxable or taxable (subject to UBTI) for a nonqualified tax-exempt investor (answer U if wholly or partially taxable and N if wholly nontaxable):

"U" = subject to UBTI

"N" = nontaxable

_____ Income from the operation of a parking lot that has daily customers

_____ Single family home sales in the ordinary course of a business

_____ Interest income earned on a loan that participates in the profits of the borrower

__U___ Daily parking fees for customers who may or may not be tenants

_____ Single family home sales in the ordinary course of a business

__U___ Ordinary dividends from a REIT where shares were purchased with borrowed money