Development Update 11/29/06

Development	# Units	% Sold	Source	Status	As of Date
River Renaissance	80	50%	Website	Under Construction	11/29/06
Union Point	72	70%	Website	Ready for Move In	02/17/06
The Edge	133	35%	Website	Breaking Ground	08/18/06
Park Terrace Bluff Homes	16	43%	Website	Under Construction	10/19/06
Park Terrace Row House	21	71%	Website	Under Construction	10/19/06
Flat Iron	38	29%	Article	Breaking Ground	07/19/06
University Club	56	82%	Website	Under Construction	10/19/06
Kilborn Tower	74	59%	Article	Ready for Move In	09/23/04
601 Lofts	80	55%	Website	Under Construction	10/19/06
City Green	44	29%	Website	Under Construction	10/19/06
Sterling	112	87%	Website	Ready for Move In	10/19/06
First Place on the River	184	65%	Website Article	Under Construction	10/19/06