Current Portfolio estimated at $280,000,000   Last updated: March 28, 2011 SSO 172 unit apartment project Tulsa, Oklahoma ABL 392 unit apartment project Las Vegas, Nevada SVR 160 unit condo project Reno, Nevada LAP 548 unit apartment project Phoenix, Arizona MSD 54 unit apartment project San Diego, California RAP 266 unit apartment project Phoenix, Arizona HSD 18 unit apartment conversion San Diego, California BOS 135,301 sq. ft. office building Murray, Utah GCI 234 acre golf course project Vienna, Illinois UPS 108,121 sq. ft. office buildings Cottonwood Heights, Utah RCH 96-unit apartment project Hemet, California BSD 45-unit apartment project San Diego, California ISS 115,328 sq. ft. office buildings Murray, Utah DLS 164,839 sq. ft. industrial/office buildings West Valley, Utah APS 149,995 sq. ft. office/industrial buildings Salt Lake City, Utah CSD 130 unit apartment project Denver, Colorado MVS 80 unit apartment project Riverdale, Utah PAD 131 unit apartment project Denver, Colorado AOS 65,058 sq. ft. office building Salt Lake City, Utah SCL 64 unit apartment project, 10,000 sq. ft. retail Las Vegas, Nevada AGS 100 unit apartment project Taylorsville, Utah CCC 28 unit condominium project Corona, California DBS 191,270 sq. ft. industrial buildings West Valley, Utah VAS 96 unit apartment project Orem, Utah SSD 42 unit condominium project La Mesa, California HCE 53 unit condominium project Escondido, California SBS 20,160 sq. ft. industrial project Salt Lake City, Utah SLS 124 unit apartment project Salt Lake City, Utah DSD 24 unit apartment project San Diego, California TLD 71,446 sq. ft. multi-tenant industrial Denver, Colorado