PROPERTY TYPES::

A. APARTMENT COMPLEXES

B. SHOPPING CENTER

C. OFFICE BUILDINGS

1

ACQUISITION TARGETS

Individual Property or Portfolio of Properties

Same

Same

2

NUMBER OF UNITS
or BUILDING SIZE

30,000 Rentable Sq. Ft. or more

3

TYPE OF COMPLEX

Garden, Low-Rise, Mid-Rise Complexes

1 or 2 Story Buildings OK
(Large Land Size Preferred)

Same As Apartment

4

BUILDING AGE

Prefer Newer Properties Built After 1980 (Older properties may be considered on a selective basis)

Same
(Will consider Older properties in strong & Freeway Locations)

Same

5

BUILDING CONDITION

Good to Excellent (Class A or B)
(Will accept newer C class properties in A/B Locations)( No major structural or environmental problems)

Same

Same

6

NEIGHBORHOOD / LOCATION

Good Stable or Better Neighborhoods Only (Class A or B Neighborhood Locations)

Same (Adjacent or close to Freeway)

Same As Apartment

7

GEOGRAPHIC AREAS

Southern California
(Counties of Los Angeles, Orange, San Diego, Ventura, and Inland Empire)

Same

Same

8

VALUE ADDED OPPORTUNITIES

Will consider Rehab. Opportunities & properties with Value-added upside potential

Same
(Prefer properties with additional land to build)

Same

9

CAP RATE

Market Cap Rate

Same

Same

10

PRICE RANGE

Approx. $3.5 Million to $30 Million / Property

Same

Same

11

LAND

Fee Simple

Fee Simple

Fee Simple