Simpson Property Group (and it's parent company Simpson Housing LLLP) was established in 1948 for the purpose of building and operating high quality residential communities in the Southwest. The Company has since become one of the largest privately-held residential developers and managers in the nation and operates throughout the United States and expanding.Simpson Property Group's proven performance, financial strength, and management expertise culminate in a single mission . . . "Commitment to Excellence." For more than 50 years, that mission has served them well as the Simpson name has become synonymous with quality apartment living. They know that creating a superior living environment for residents requires a commitment to excellence in every aspect of their operations -- from choosing desirable locations to providing resort-style amenities accompanied by unparalleled service to residents. With this vision in mind, Simpson Property Group will continue to set the standard in the industry.

Equity One, Inc., a real estate investment trust (REIT), engages in the ownership, management, acquisition, renovation, and development of neighborhood and community shopping centers in the United States. Its shopping centers are anchored by supermarkets, drug stores, or discount retail store chains. As of December 31, 2006, the company’s property portfolio consisted of 179 properties, including 166 shopping centers, 6 development parcels, and 7 non-retail properties. As a REIT, Equity One would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1992 and is based in North Miami Beach, Florida with an additional office in Israel.

Chimera Investment Corporation is a specialty finance company that invests in residential mortgage-backed securities (RMBS), residential mortgage loans, real estate-related securities and various other asset classes. Our objective is to provide attractive risk-adjusted returns to our investors over the long-term, primarily through dividends and secondarily through capital appreciation, by maintaining a business model that evolves with market opportunities. We have elected to be taxed as a REIT for federal income tax purposes. We are externally managed by Fixed Income Discount Advisory Company (FIDAC), a wholly-owned subsidiary of Annaly Capital Management, Inc.Chimera is a specialty finance company that manages residential mortgage credit risk. We strive to achieve our objective of providing attractive risk-adjusted returns to our investors over the long-term by investing in a diversified investment portfolio of RMBS, residential mortgage loans, real estate-related securities and various other asset classes.

MerueloMaddux and its related companies are primarily focused on the Los Angeles metropolitan area. The MerueloMaddux property holdings represent the largest landowner portfolio in Downtown Los Angeles and include extensive facilities in the produce market and adjoining areas. A number of properties are in planning stages at prime development sites in the emerging Southpark, Little Tokyo and Art districts, nearby Chinatown and Glassell Park

Beitler Real Estate Corporation, J. Paul Beitler was co-founder of Miglin-Beitler Developments with his partner, Lee Miglin. Beitler Real Estate Corporation was founded by J. Paul Beitler following the death of Lee Miglin in 1997.Mr. Beitler has been responsible for the development of over 10 million square feet of Class A office space, including some of the largest and most architecturally distinguished building in the City and suburbs. Many of these developments sold for the highest values in the history of Chicago providing unprecedented financial returns for investors.

Sotogrande is all about living "la vida del lujo" (the life of luxury). The 5,000-acre resort and residential development sits on the tip of Spain's southern coast. Sotogrande is a community of multimillion-dollar homes in private subdivisions, high-end resorts, a marina, beaches, and private schools, but it's most famous for its polo fields and golf courses. (The Valderrama golf course hosts the Volvo Masters every year). The Sotogrande concept was devised by an American, Joseph McMicking, who in 1962 bought five farms (one of which was named Sotogrande) to develop into a coastal resort community.

Shaftesbury PLC,the real estate investment trust (REIT) buys, redevelops, and leases property in London's fashionable West End. It owns more than 400 mixed-use buildings, primarily in the Carnaby Street, Covent Garden, and Chinatown districts. Its portfolio includes more than 300 shops and 150 restaurants and bars, as well as about 500,000 sq. ft. of office space. Shaftesbury also leases more than 300 apartments located on the upper floors of some of its commercial properties. Its restaurant and retail tenants, however, account for most of its income. Peter Levy founded the company in 1986 by acquiring 32 properties in Chinatown, and he took Shaftesbury public a year later.

WinnCompanies undertook the development of a property in Salem, Massachusetts and created 250-units of quality affordable housing. During the early years, the Winn team produced thousands of units of affordable housing throughout New England.By 1980, the company's philosophy had earned it a position of trust and respect among regional real estate professionals, lenders, and community leaders in Greater Boston and beyond. That reputation was enhanced with the development of the Bostonian Hotel in 1982-a solid example of the kind of vision that propelled the company into a series of successful ventures along the east coast. From the urban centers of the Deep South to the mid-Atlantic region, WinnCompanies expanded its portfolio of properties, all the while becoming known as an organization of integrity, sensitivity, and style.

American Realty Investors, a New York Stock Exchange Company (NYSE: ARL), maintains a 38-year commitment to greater shareholder value through the acquisition, financing, operation and sale of real estate and real estate assets.American Realty is highly diverse in location, with a portfolio of properties strategically located throughout the United States. Its holdings include apartments, office buildings, retail centers and parcels of land. At the time of purchase, acquisitions are often referred to as "undervalued" or "underdeveloped." Under ARL ownership, value is added through physical improvements as well as management improvements. The result is increased income through higher rental and occupancy rates and increased income.ARL was formed through the business combination of American Realty Trust, Inc. and National Realty, L.P.

iStar Financial Inc. operates as a finance company focusing on the commercial real estate industry. The company provides custom-tailored financing to high-end private and corporate owners of real estate. Its financing products include senior and mezzanine real estate debt, senior and mezzanine corporate capital, corporate net lease financing, and equity. The company also involves in corporate tenant leasing business, which provides capital to corporations and others who control facilities leased primarily to single creditworthy customers. As of December 31, 2008, iStar Financial owned 362 office, industrial, entertainment, hotel, and retail facilities in 39 states. The company qualifies as a REIT for federal income tax purposes. As a REIT, it generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The iStar Financial Inc. was founded in 1993 and is based in New York, New York.

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