CALL FOR OFFERS

PLEASE SUBMIT BY TUESDAY, OCTOBER 5, 2010

INVESTMENT SUMMARY

WE ARE PLEASED TO ANNOUNCE OUR APPOINTMENT AS EXCLUSIVE LISTING REPRESENTATIVE FOR THE SELLERS OF CHAMPIONS PARK APARTMENTS IN NORCROSS, GEORGIA.  AT ITS CURRENT OCCUPANCY, WE ANTICIPATE AGENCY FINANCING TO BE AVAILABLE, WHICH GENERATES A POTENTIAL CASH-ON-CASH RETURN OF BETTER THAN 10%.

CHAMPIONS PARK APARTMENTS FALLS INTO A DECIDEDLY SMALL CATEGORY IN TODAY'S APARTMENT MARKET - A HIGH QUALITY, STABILIZED CLASS B ASSET LOCATED ON THE NORTH SIDE OF ATLANTA WITHOUT SIGNIFICANT CAPITAL REQUIREMENTS.

	UNIT MIX CONSISTS OF 104 TWO-BEDROOM/TWO-BATH FLOOR PLANS THAT AVERAGE MORE THAN 1,000 SQ FT, AN IDEAL OFFERING FOR THIS FAMILY-ORIENTED SUBMARKET
	MANY OF THE UNITS HAVE UNIQUE DESIGN FEATURES INCLUDING FIREPLACES, STORAGE AREAS AND VAULTED CEILINGS
	FULL-SIZE WASHERS AND DRYERS IN ALL UNITS
	COMMUNITY IS ALL ELECTRIC
	ANTICIPATE AVAILABLE AGENCY FINANCING WHICH GENERATES A CASH-ON-CASH RETURN OF 10% (+)
	LIMITED IMMEDIATE CAPITAL REQUIREMENTS INVESTMENT HIGHLIGHTS   UNITS................................ 252 TOTALSQUAREFEET............. 213,156 AVERAGEUNITSIZE............ 846 YEARCOMPLETED............... 1987 MARKETRENT...................... $598 MARKETRENTPERSF............ $0.71 CURRENTOCCUPANCY......... 96%