2008 TRACK RECORD

C-2 ZONED CAVE CREEK LAND
13623 North Cave Creek Road, Phoenix, AZ

     PHOENIX, AZ – June 2008 — Transwestern represented Jack Sanders in the sale of a commercial parcel located in Phoenix, to AZITAL, LLC.  Bobby Bull and Matt Lockin of Transwestern multifamily investment sales team in the west region represented the seller in this transaction.

3237 EAST CAMELBACK RE-DEVELOPMENT
3237 East Camelback Road, Phoenix, AZ  858016

     PHOENIX, AZ – June 2008 — Transwestern represented Manring Trust in the sale of a redevelopment parcel located in the Camelback Corridor in Phoenix, to Restaurants and Retail Properties, Inc.  Bobby Bull and Matt Lockin of Transwestern multifamily investment sales team in the west region represented the buyer and the seller in this transaction.

LIGHT OF THE DESERT LUTHERAN CHURCH LAND
33105 N Cave Creek Road, Cave Creek, AZ  85331

     PHOENIX, AZ – May 2008 — Transwestern has arranged the sale of Light of the Desert Lutheran Church Land, 2.33 acres at the northwest corner of Dove Valley Road and Cave Creek Road in Cave Creek, Arizona to the City of Phoenix Fire Department, for $1.07 million. Bobby Bull and Matt Lockin of Transwestern multifamily investment sales team in the west region represented the seller, Light of the Desert Lutheran Church, in this transaction.

MOUNTAIN VIEW APARTMENTS
333 East Van Buren Street, Avondale, AZ  85323

     AVONDALE, AZFebruary 2008 — Transwestern has arranged the sale of Mountain View Apartments, a 150-unit multifamily community in Avondale, Arizona to Mr. Satkritan Khalsa, dba Mountain View Management, LLC, for $10.25 million. Bobby Bull and Matt Lockin of Transwestern multifamily investment sales team in the west region represented the seller, Mr. Zacharia Oprea, in this transaction.

EXECUTIVE PLAZA APARTMENTS
550 East Earll Drive, Phoenix, AZ 85012

     PHOENIX, AZ – August 2008 — Transwestern has arranged the sale of Executive Plaza Apartments, a 92-unit multifamily community in Phoenix, Arizona to ColRich, for $5.2 million. Bobby Bull and Matt Lockin of Transwestern multifamily investment sales team in the west region represented both the buyer and the seller, Newcastle Investments, in this transaction.

SUNRISE CANYON 
501-502 Sunrise Canyon, Universal City, TX 78148

     PHOENIX, AZ – September 2008 — Transwestern has arranged the sale of Sunrise Canyon, a 208-unit multifamily community in Universal City, TX to Concierge Asset Management, for $14.25 million. Bobby Bull and Matt Lockin of Transwestern multifamily investment sales team in Phoenix along with Alan Grilliette with Transwestern in San Antonio represented the seller, SRC Universal Partners, in this transaction.

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