Acquisitions: Recent Transactions

Bella Vista at Hilltop • Richmond, California

Sale Date:	May 2005
Units:	1,008
Net Rentable Area:	893,856 SF
Occupancy at Sale:	85%

Web Site: http://www.bvapartments.com

Meadow Lake Apartments • Downingtown, PA

Sale Date:	January 2006
Units:	376
Net Rentable Area:	354,360 SF
Occupancy at Sale:	97%

Web Site: http://www.meadowlakeapts.com

Woodgate Apartments • Reading, PA

Sale Date:	December 2006
Units:	212
Net Rentable Area:	252,309 SF
Occupancy at Sale:	97%

Web Site: http://www.woodgateapts.com

Willowbrook Apartments • Jeffersonville, PA

Sale Date:	December 2006
Units:	248
Net Rentable Area:	227,320 SF
Occupancy at Sale:	92%

Web Site: http://www.willowbrookapts.com

Tradewinds Plaza • Pensacola, FL

Sale Date:	November 2006
Units:	???
Net Rentable Area:	178,554 SF
Occupancy at Sale:	92%

Web Site: http://www.tradewinds-plaza.com

Cordova Commons • Pensacola, FL

Sale Date:	November 2006
Units:	???
Net Rentable Area:	175,691 SF
Occupancy at Sale:	99%

Web Site: http://www.cordovacommons.com