MULTI-FAMILY PROPERTIES LISTING

As of Tuesday, May 15, 2007

MF-051507-1

132-Unit (1&2 bdrms) Apt. Complex, Gladstone, MO. All electric. Swimming pool, playground. +Cashflow=$24K/Mo* $5,600,000

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MF-051507-2

8-Unit (1 bdrm) Apt Bldg, Blue Springs, MO. 95%+ Occupancy. +Cashflow=$566/Mo* $350,000

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MF-051507-3

42 Units (1&2 bdrms) in 3-Bldg Complex. Blue Springs, MO. Swimming pool, treed grounds. +Cashflow=$4670/Mo* $1,925,000

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MF-051507-4

36 2-bdrm Units in 18 duplexes. Independence, MO. Central air and garage. Sold as package only. +Cashflow=$2300/Mo* $2,160,000

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MF-051507-5

60-Unit (1,2&3 bdrms) Apt. Complex, Kansas City, MO. Central Laundry, Central Storage. +Cashflow=$10K/Mo* $1,700,000

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MF-051507-6

39 Units (1&2 bdrms) Apt. Complex. Independence, MO. Central Laundry & Storage, many trees. +Cashflow=$3200/Mo* $1,700,000

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MF-051507-7

70 Units (1,2&3 bdrms) in 12-Bldg Complex. Harrisonville, MO. Laundry in each bldg, fireplace in each unit. +Cashflow=$5400/Mo* $3,300,000

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* Note: Cash flow calculations made assuming 100% occupancy, 100% financing with no money down and 8% APR with 30-Year note and estimated insurance premium. Actual cash flow and expenses may vary depending on buyer's qualifications.