River Pointe Apartments

• 170 units located in Fort Washington, MD
• Purchase Price: $16,400,000
• Closing Date: November 2006
• Seller: Boone Properties 

Laurel Square Apartments

• 982 units located in Laurel, MD
• Purchase Price: $86,000,000
• Closing Date: June 2006
• Seller: RIMSI Corp

Shadyside Gardens Apartments

• Part of the four-property Stephen A. Goldberg Portfolio
• 349 units located in Suitland, MD
• Purchase Price: $30,300,000
• Closing Date: May 2006
• Seller: Stephen A. Goldberg Companies

Forest Village Apartments

• Part of the four-property Stephen A. Goldberg Portfolio
• 410 units located in Suitland, MD
• Purchase Price: $34,540,000
• Closing Date: May 2006
• Seller: Stephen A. Goldberg Companies

• Part of the four-property Stephen A. Goldberg Portfolio
• 172 units located in Temple Hills, MD
• Purchase Price: $14,000,000
• Closing Date: May 2006
• Seller: Stephen A. Goldberg Companies

Marlow Plaza Apartments

• Part of the four-property Stephen A. Goldberg Portfolio
• 257 units located in Temple Hills, MD
• Purchase Price: $19,160,000
• Closing Date: May 2006
• Seller: Stephen A. Goldberg Companies

Loch Raven Village Apartments

• 495 units located in Baltimore, MD
• Purchase Price: Undisclosed
• Closing Date: March 2006
• Seller: Undisclosed

Spring House Apartments

• 220 units located in Laurel, MD
• Purchase Price: $32,000,000
• Closing Date: December 14, 2005
• Seller: AIMCO

Towson Woods 

• 168 units located in Towson, MD
• Purchase Price: $15,250,000
• Closing Date: September 5, 2005
• Seller: Kenilworth Equities

Columbia Landing

• 300 units located in Columbia, MD
• Purchase Price: $31,000,000
• Closing Date: August 5, 2005
• Seller: Stephen A. Goldberg Companies

Kendall Ridge 

• 184 units located in Columbia, MD
• Purchase Price: $26,250,000
• Closing Date: January 31, 2005
• Seller: CIGNA

Lincoln Woods 

• 204 units located in Perry Hall, MD
• Purchase Price: $17,250,000
• Closing Date: September 1, 2003
• Seller: Undisclosed

Quail Ridge

• 192 units located in Perry Hall, MD
• Purchase Price: $18,500,000
• Closing Date: September 1, 2003
• Seller: Undisclosed

Sherwood Crossing 

• 634 units located in Elkridge, MD
• Purchase Price: $66,450,000
• Closing Date: December 31, 2002
• Seller: Undisclosed