WNC & Associates, Inc., was founded in 1971 when most people had never heard of affordable housing. At that time, few saw the opportunities in this emerging industry. That year we closed our first investment in affordable housing, becoming one of the first in the country to do so.The company was founded by Wilfred Newbury Cooper Sr. in 1971, three years after the Housing and Urban Development Act was created. Will Cooper Jr. runs WNC today.

Kushner Companies which once owned and managed some 8 million sq. ft. of property, drastically reduced its apartment holdings by selling more than 17,000 units in 2007. The company's hotel division continues to be run by Westminster Hospitality. Westminster Communities, the firm's construction division, develops property in the Northeast.

American Spectrum Realty, Inc., through its subsidiaries, engages in the ownership, management, and operation of income-producing properties in the United States. As of December 31, 2008, it owned and operated 29 properties, which consisted of 23 office buildings, 5 industrial properties, and 1 retail property. The company was founded in 2000 and is based in Houston, Texas.

Warehouses De Pauw specializes in developing storage space for its clients. The company builds customized warehouses of all sizes primarily in Belgium, the Czech Republic, France, and Italy. Warehouses De Pauw also purchases and renovates existing spaces and then rents them to customers. The company chooses land sites and invests in buildings close to road, waterway, rail, or air transport access. Warehouses De Pauw has about 60 sites in its portfolio.

Freedom Finance sold its Freedom Lending mortgage broker to Merrill Lynch in 2006. The loan broker was established in 1983 under the name Wilmslow Financial Services by chief executive Rupert Webb. As one of the largest loan brokers in the UK, Freedom Finance wants to liberate borrowers from the captivity of less-than-stellar credit. The company originates, sells, and services secured and unsecured personal loans through its affiliated operating segments of Freedom Ireland, Freedom Spain, and Freedom Sweden.

Tower Properties owns, develops, leases, and operates commercial real estate in the Midwest, specifically in Kansas' Johnson County and Missouri's Clay, St. Louis, and Jackson counties. It owns nearly 1.3 million sq. ft. of space, including mixed-use office and industrial space, parking garages, a warehouse, and a handful of apartment communities. The company has built more than 1.5 million sq. ft. of space in downtown Kansas City. Initially a Commerce Bancshares subsidiary, Tower Properties was spun off as a separate company in 1971.

SRG is a privately held commercial real estate firm headquartered in Dallas, Texas, specializing in local and national tenant representation. SRG is one of the nation's largest firms solely focused on exclusive user representation. We are a leader in commercial real estate brokerage and strategic partnership alliances, representing some of the world's largest corporations with their real estate requirements. SRG was founded in 1972 and has progressively refined its services and capabilities to augment corporate real estate activities.

Inland Real Estate Corporation, a real estate investment trust (REIT), engages in the ownership, operation, and development of shopping centers and single-tenant retail properties in the Midwest region of the United States. As of December 31, 2007, the company owned interests in 152 investment properties, comprising 70 neighborhood retail centers totaling approximately 4,397,000 gross leasable square feet; 20 community centers totaling approximately 3,007,000 gross leasable square feet; 28 power centers totaling approximately 4,622,000 gross leasable square feet; 1 lifestyle center totaling approximately 562,000 gross leasable square feet; and 33 single-user properties totaling approximately 2,139,000 gross leasable square feet. Inland Real Estate Corporation has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to stockholders. The company was formed in 1994 and is based in Oak Brook, Illinois.

Milestone Properties, Inc. is a commercial real estate company specializing in the ownership and management of shopping center properties. Milestone is on a program of acquiring well-located non-anchored strip shopping centers throughout the United Statesone in Arizona and the other in California. Anchor tenants include J. C. Penney and Rite Aid. (Concord Milestone Plus sold an Arizona property in 2007.) The company was established in 1986 to invest in commercial real estate. Its general partner, CM Plus Corporation, is a subsidiary of real estate investment firm Milestone Properties.

Hospitals trust Medical Properties to provide the leases under which their facilities operate. The self-administers real estate investment trust owns about 50 health care facilities, including acute-care, physical rehabilitation, and regional and community hospitals in more than 20 states. Almost half are in California and Texas; California alone represents approximately 45% of the REIT's annual revenue. It leases the facilities to some 15 hospital operators under long-term triple-net leases, where the tenant bears most of the operating costs. Prime Healtcare Services and Vibra Healthcare are the REIT's largest clients; together they account for more than half of its revenue.

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