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Summary of Development and Acquisitions

PROJECT NAME # OF UNITS LOCATION MORTGAGE AMOUNT
Advantage Point Apts. 208 Glendale, AZ 5,764,000
Andrew's Pointe THs. 57 Burnsville, MN 1,730,000
Arrowood Apts. 124 Phoenix, AZ 3,436,000
Austin Pointe Apts. 328 San Antonio, TX 14,000,000
Bear's Paw Phases I and II 300 Naples, FL 33,000,000
Brentwood Apts. 196 Wichita, KS 3,765,000
Briargrove Court Apartments
234
Houston, TX
0
Cambridge Court Apts. 286 Phoenix, AZ 5,617,000
Chatham Village Apts. 210 Webster, TX 6,500,000
Chicago Avenue Apts. 60 Minneapolis, MN 1,192,000
Cinnamon Ridge Apts. 264 Eagan, MN 11,350,00
Cityscape Apts. 178 St. Louis Park, MN 11,400,000
Cliff Hill Townhouses 32 Burnsville, MN 1,160,500
Cobblestone Village Apts. 184 San Antonio, TX 7,000,000
Colony at Eden Prairie 142 Eden Prairie, MN 20,750,000
Cove on 44th Apts. 255 Phoenix, AZ 5,008,000
Coventry Apts. 196 Roseville, MN 6,400,000
Crossings Apts. 200 Lithonia, GA 8,000,000
Dakota Station Apartments 150
Burnsville, MN
16,300,000
Doral Club Apts. 297 San Antonio, TX 12,313,044
Douglas Trail THs. 100 Rochester, MN 7,400,000
Dover Hill Apts. 234 Golden Valley, MN 5,900,000
Dymaxion Apts. 190 San Antonio, TX 6,850,000
Eden Point Apts. 186 Baton Rouge, LA 4,504,000
Elmbrooke Townhouses 46 Minnetonka, MN 1,700,000
Findley Place THs. 89 Minneapolis, MN 3,035,000
Fountain Place Apts. 164 Glendale, AZ 3,221,000
Fountain View Apts. 456 Naples, FL 24,000,000
Greenery Apts. 240 Tempe, AZ 6,760,000
Honey Creek Apts. 656 Dallas, TX 20,875,000
Interlachen Condominiums 140 Naples, FL 20,000,000
Jackson's Landing Apts. 276 New Orleans, LA 6,683,000
Liberty Place THs. 160 Rochester, MN 18,300,000
Maplewood THs. 31 Maplewood, MN 740,000
Marbach Park Apts. 304 San Antonio, TX 10,960,000
Newport Apts. 309 New Orleans, LA 7,482,000
Nile Health Care Center 256 Minneapolis, MN 23,400,000
Oxford Place Apts. 120 Phoenix, AZ 3,326,000
Palisades Park Apts. 304 Universal City, TX 9,495,000
Pine Ridge Apts. 301 Phoenix, AZ 5,912,000
Place Five Apts. 440 Tempe, AZ 12,394,000
The Pointe @ St. Joseph Apts. 202 South Bend, IN 10,500,000
Radisson Hotel Metrodome 200 Minneapolis, MN 10,000,000
Registry Resort Hotel 474 Naples, FL 90,000,000
Riverbluff Apts. 50 Minneapolis, MN 1,160,000
Riviera Pointe Apts. 265 Mesa, AZ 7,344,000
Royal Oaks Apts. 230 Eagan, MN 12,580,000
Sanctuary Phases I and II 150 Naples, FL 14,000,000
Seven Corners Apts. 248 Minneapolis, MN 12,000,000
Sugar Creek Apts. 336 Grand Prairie, TX 5,789,000
Sutton House Apts. 265 San Antonio, TX 13,381,956
Symphony Place Apts. 250 Minneapolis, MN 20,100,000
The Lexington Apts. 254 Roseville, MN 15,500,000
Timber Lake Apts. 180 Tempe, AZ 4,989,000
Village Green Apts. 195 Fridley, MN 6,400,000
Waybury Apts. 114 Chaska, MN 3,800,000
Windover Health Club Apts. 236 Melbourne, FL 6,627,000
Windover Oaks Apts. 238 Titusville, FL 6,572,000
Windsong Place Apts. 200 DeSoto, TX 4,112,000
Winfield THs. 134 Savage, MN 18,700,000
Total 1,3148   641,177,500
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