The following projects are representative samples of our recent developments.
Please see the Investment section of our website for projects currently under development.

| The Seasons - Tucson |
|---|
| 142 Units / 500 Bed Luxury Student Apartments |
| Mixed-Use / Mid-rise (4 & 5 story) |
| 248,000 SF of Living and 10,000 SF Retail |
| Completed 2004 |
| 2012 Value: $ 29,000,000 |
| http://www.theseasonstucson.com/ |


| Stone Avenue Standard – Tucson, Arizona |
|---|
| 68 Units / 224 Bed Luxury Student Apartments |
| Mixed-Use / Low-rise (3 story) |
| 124,900 SF of Living and 4,500 SF Retail |
| Completed: 2003 |
| 2012 Value: $ 13,400,000 |
| http://www.stoneavenuestandard.com/ |



| Arboretum - Kalamazoo, Michigan |
|---|
| 480 Units /1620 Bed Luxury Student Apartment Community |
| Mixed-Use / Low-rise (3 story) |
| 621,000 SF of Living and 26,200 SF Retail |
| Completed: 2000-2002 4 Phases |
| 2012 Value: $ 64,500,000 |

| Hidden Hills - Kalamazoo, Michigan |
|---|
| 336 Units / 712 Bed Luxury Student Apartments |
| Mixed-Use / Low-rise (3 story) |
| 264,000 SF of Living and 6,100 SF Retail |
| Completed: 2000 |
| 2012 Value: $ 26,600,000 |



| University Club - Kalamazoo, Michigan |
|---|
| 120 Units /480 Bed Luxury Student Apartments |
| Mixed-Use / Mid-rise (4 story) |
| 182,400 SF of Living and 11,000 SF Retail |
| Completed: 2001 |
| 2012 Value: $ 18,800,000 |
