 | | Chantilly Park | | Investment type: | Single-family attached (mid-rise condominiums) | | Units: | 206 | | Location: | Chantilly, VA | | Acquisition date: | February 2004 | | Avg unit price: | Low $300s | | Projected term: | 30 months | | Builder-Partner: | Technical Olympic USA, Inc. | | Legal structure: | LLC | | Financial product: | Joint Venture with junior/senior financing | | | |
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 | | Scott Road | | Investment type: | Single-family detached | | Units: | 151 | | Location: | Menifee, CA | | Acquisition date: | October 2003 | | Avg unit price: | Mid $500s | | Projected term: | 39 months | | Builder-Partner: | WL Homes | | Legal structure: | LLC | | Financial product: | All equity joint venture | | | |
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 | | Tesoro | | Investment type: | Single-family detached | | Units: | 249 | | Location: | San Jacinto, CA | | Acquisition date: | March 2003 | | Avg unit price: | Low $300s | | Projected term: | 44 months | | Builder-Partner: | JD Pierce Company Inc | | Legal structure: | LP | | Financial product: | Equity joint venture | | | |
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 | | Riva | | Investment type: | Single-family attached | | Units: | 252 | | Location: | West Sacramento, CA | | Acquisition date: | October 2004 | | Avg unit price: | High $200s | | Projected term: | 44 months | | Builder-Partner: | Pacific West | | Legal structure: | LP | | Financial product: | Equity joint venture | | | |
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 | | River Pointe | | Investment type: | Single-family deattach | | Units: | 110 | | Location: | Waterford, CA | | Acquisition date: | December 2003 | | Avg unit price: | High $300s | | Projected term: | 38 months | | Builder-Partner: | The Grupe Company | | Legal structure: | LLC | | Financial product: | Junior Loan (Subordinated Shared Appreciation Loan) | | | |
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 | | Willow Springs | | Investment type: | Single-family attached and detached | | Units: | 344 | | Location: | Folsom, CA | | Acquisition date: | September 2005 | | Avg unit price: | High $300s | | Projected term: | 50 months | | Builder-Partner: | WL Homes | | Legal structure: | LLC | | Financial product: | Equity joint venture | | | |
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 | | La Habra / Arbor Creek | | Investment type: | Single-family attached (condo conversion) | | Units: | 242 | | Location: | La Habra, CA | | Acquisition date: | June 2005 | | Avg unit price: | Mid $200s | | Projected term: | 32 months | | Builder-Partner: | Pacifica Companies | | Legal structure: | Loan | | Financial product: | Senior construction loan and junior loan (subordinated shared appreciation loan) | | | |
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