Comprehensive Annual Financial Report - Fiscal Year ended 6/30/2017

PRINCIPAL PROPERTY TAXPAYERS CURRENT YEAR AND NINE YEARS AGO (amounts expressed in thousands) Taxpayer Taxable Assessed Value Rank Percentage of Total Taxable Assessed Value Taxable Assessed Value Rank Percentage of Total Taxable Assessed Value Highwoods Realty LP 380,045 $ 1 0.65% - $ - CVM Holdings LLC 378,399 2 0.65% 172,726 3 0.49% Duke Energy Progress, Inc. 374,948 3 0.64% 277,301 1 0.79% First Citizens Bank & Trust Co. 210,258 4 0.36% 109,338 6 0.31% G&I VIII TTC LLC 180,321 5 0.31% - - State Employees Credit Union 164,905 6 0.28% - - LSREF3 Bravo (Raleigh) LLC 145,528 7 0.25% - - North Hills Owner LLC 138,665 8 0.24% 175,067 2 0.50% Columbia Cameron Village LLC 124,691 9 0.21% - 0.00% 150 Fayettevill TIC Owner LLC 104,079 10 0.18% - 0.00% Raleigh Portfolio NW LLC - - 108,907 7 0.31% Bellsouth Telephone - - 118,405 5 0.34% UDRT of North Carolina LLC - - 125,917 4 0.36% JG North Raleigh LLC - - 98,761 8 0.28% Summitt Properties - - 81,885 10 0.23% Prudential Insurance - - 90,207 9 0.26% Totals 2,201,839 $ 3.77% 1,358,514 $ 3.87% Note: Above taxable assessed valuations are as of January 1, 2016 and 2007 respectively, and the associated tax levies were due in the fiscal years ended June 30, 2017 and 2008 respectively. Source: Wake County website, Statistics and Reports and 2007 City of Raleigh CAFR. 2017 2008 City of Raleigh _____________________________________________________________ Statistical Section ____________________________________________________________ __________________________________________________________ 182 __________________________________________________________

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