UNITED STATES

ALABAMA

Montgomery RUTLAND/VAN CAMP & ASSOCS. P.O. Box 4576 36103 205 263-1684; Fax: 205 265-6908

ARIZONA

Phoenix J. N. FINE & ASSOC. INC. P.O. Box 10749 85016 602 957-0020; Fax: 602 957-0013

CALIFORNIA

Burbank WEST VENTURE DEVEL. CO. Ste. 400, 300 E. Magnolia Blvd. 91502-1154

Chino Hills CFC REAL ESTATE INVESTMENTS 911 P.O. Monte Verde Dr. 91709 909 591-8098; Fax: 909 591-4198

Fullerton FDC MANAGEMENT INC. 2600 E. Nutwood 92631 714 992-8500; Fax: 714 738-4709

Glendale AMERICAN REALTY ADVISORS Ste. 300, 700 N. Brand Blvd. 91203 818 545-1152; Fax: 818 545-8460

Los Angeles AMINOFF & CO. Ste. 1420,1800 Ave. of the Stars 90067 310 201-9600; Fax: 310 201-4311

(a) CARLTON PROPERTIES INC. Ste. 1420, 1800 Ave. of the Stars 90067 310 201-9600 Fax: 310 201-4311

FINANCIAL CAPITAL INVESTMENT CO. 11859 Wilshire Blvd. 90025 310 268-7783 Fax: 310 268-7780 E-Mail: alter@asiacapitol.com

LOWE ENTERPRISES REALTY SERVICES, INC. Ste. 900, 11777 San Vicente Blvd. 90049 310 820-666; Fax: 310 207-1132

TCW REALTY ADVISORS Ste. 3500, 865 S. Figueroa St. 90017 213 683-4200; Fax: 213 683-4301

WALD NICKELL REALTY ADVISORS E Loft 860 Via de la Paz Pacific Palisades, CA 90272 310 459-4141 Fax: 310 459-3411

Advisors - Asset Managers. A single source for strategic planning, acquisition, disposition, leasing, and fee development.

WESTFIELD CORP. INC. Ste. 1700, 11111 Santa Monica Blvd. 90025 310 478-456; Fax: 310444-9071

Newport Beach KOLL: THE REAL ESTATE SERVICES 4343 Von Karman Ave. 92660 714 833-9360; Fax: 714 851-6895

Orinda PAULSON INVESTMENTS 14 Orinda Way 94563 510 254-1074; Fax: 510 254-6693

San Diego CONAM MANAGEMENT CORP. 1764 San Diego Ave. 92110 619 297-6771; Fax: 619 294-2451

San Francisco A-1 PROPERTY MANAGEMENT & INVESTMENTS P.O. Box 31722 94131 415 359-3609

Santa Ana INVESTORS' PROPERTY SVCS. 2651 Hotel Terrace 92705 714 708-0180; Fax: 714 708-0230

Santa Barbara HEPP ASSET MGMT. P.O. Box 91133 93133 805 963-6362

Solana BeaGh TRILOGY INVST. GROUP 512 Via De La Valle 92075 619 753-0100; Fax: 619 753-0414

Woodland Hills

THE VOIT COMPANIES #300, 21600 Oxnard 91367 818 593-6200; Fax: 818 593-6274

COLORADO

Boulder P. N. EKLUND INTERESTS INC. 1945 Kohler Dr. 80303 303 443-7272; Fax: 303 938-6850

Denver BETAWEST, LTD. Ste. 1000, 1050-17th St. 80265 303 893-7000 Fax: 303 893-7001

Englewood PRIMEWEST COMPANIES Ste. 350, 6025 S. Quebec St. 80111 303 741-0700; Fax: 303 741-6988

CONNECTICUT

Greenwich BRYANT DEVELOPMENT CORP., INC. 24 Field Point Rd. 06830 203 863-0600 Fax: 203 661-1787

Milford J. E. ROBERT CO. OF NEW ENGLAND Ste. 201E,185 Plains Rd. 06460 800 537-4736; Fax: 203 876-9962

New London CHASE-RESNIKOFF ENTERPRISES Ste. 300, 2 Union Plaza, P.O. Box 1771 06320 860 443-4788; Fax: 860 443-3940

Stamford ARES HOLDINGS, INC. One Atlantic St. 06901 203 352-1500; Fax: 203 323-0438

Westporf BRAVERMAN GROUP 129 Post Rd. East 06880 203 222-8100; Fax: 203 222-8840

DISTRICT OF COLUMBIA

THE JOHN AKRIDGE COMPANIES #300N, 601 13th St., N.W. 20005 202 638-3000 Fax: 202 347-8043

The John Akridge Companies have provided comprehensive asset management services for private, third-party, domestic and foreign clients for over 20 years. Our success is evidenced in our historic, annual average vacancy rate of less than one percent; and our successful management of over 3 million square feet of commercial office space in downtown Washington, DC. Call us -- let us put our track record to work for you.

SPAULDING & SLYE 1025 Thomas Jefferson St. N.W. 20007 202 775-1919; Fax: 202 833-9143

FLORIDA

Boca Raton RER COMMERCIAL REAL ESTATE, LTD. Ste. 410, 2600 N. Military Trail 33431 407 995-9202 Fax: 407 995-9463

Our full range of professional asset management services includes: Restructurings and Dispositions * Litigation Support * Asset Business Plan Development * Residential and Commercial Due Diligence * Real Estate Valuation * Receivership Services * Loan Servicing.

North Palm Beach WANTLAND REALTY CORP. Ste. 7, 649 U.S. Hwy One 33408 407 881-1631; Fax: 407 881-1632

Tampa AMPAK, INC. Ste. 865, 2502 Rocky Point Dr. 33607 813 289-9000; Fax: 813 289-9191

GEORGIA

Atlanta BAITA PROPERTY SERVICES, INC. 1777 Northeast Expy. 30329 404 636-6778 Fax: 404 321-0780

CNM ASSOCIATES One Atlanta Plaza, Ste. 900 950 E. Paces Ferry Rd. 30326 404 869-2900; Fax: 404 869-7171

Roswell SOUTHERN REALTY MGMT., INC. Ste. 206, 419 E. Crossville Rd. 30075 770 998-5937; Fax: 770 998-3505

ILLINOIS

Chicago ARTHUR CAPITAL GROUP Ste. 600, 70 E. Lake St. 60601 312 629-3484 Fax: 312 553-0440

THE JOHN BUCK COMPANY Sears Tower 233 S. Wacker Dr. 60606 312 993-9800, Fax: 312 993-0857

DRAPER AND KRAMER, INC. 33 W. Monroe St. 60603-5486 312 346-8600 Fax: 312 541-9503

GOLUB & COMPANY 625 N. Michigan Ave. 60611 312 440-8800 Fax: 312 440-0809

GOVERNMENT SERVICES ASSET MANAGEMENT, INC. Ste. 1500, 25 E. Washington St. 60602 312 984-0488; Fax: 312 984-0479

LASALLE PARTNERS 200 E. Randolph Dr. 60601 312 782-5800

TISHMAN SPEYER PROPERTIES #2200, 525 W Monroe 60661 312 207-1100; Fax: 312 207-1123

(a) TVO REAL ESTATE SVCS. Sfe. 600, 70 E. Lake St. 60601 312 553-1133 Fax: 312 553-0440

U.S. EQUITIES REALTY, INC. 20 N. Michigan Ave. 60602 312 456-7000 Fax: 312 456-0056 E-Mail: usequities.com

Des Plaines (a) ARTHUR J. ROGERS & CO. 3170 Des Plaines Ave. 60018 708 297-2200 Fax: 708 699-9048

Full Asset Management for Institutional and Individual Commercial Property owners. We are committed to providing a wide range of in-house expertise to enable our clients to make the best real estate decisions in today's intricate economic environment.

Northbrook TUCKER PROPERTIES CORP. Ste. 600, 40 Skokie Blvd. 60062-1626 800 7-TUCKER; Fax: 708 480-1893

Oak Brook PHILLIPS MARTIN MANAGEMENT INC. Ste. 202, 2215 York Rd. 60521 630 575-0900 Fax: 630 575-0909

Oakbrook Terrace MID-AMERICA REAL ESTATE GROUP Ste. 330, 2 Mid-America Plaza 60181 708 954-7300; Fax: 708 954-7304

Rolling Meadows CONTINENTAL OFFICES LTD. Two Continental Towers, Ste.100 1701 Golf Rd. 60008 847 640-1800; Fax: 847 640-7915

Westchester PODOLSKY AND ASSOCIATES L.P. One Westbrook Corp. Center 60154 708 531-8200 Fax: 708 531-8216

KANSAS

Shawnee Mission THE PETERSON COMPANIES Kenneth Riedemann, President 10000 W. 75th St. 66024 913 384-3800 Fax: 913 384-9605

KENTUCKY

Louisville THE DAHLEM CO. INC. Ste. LL-1, 6200 Dutchmans Lane 40205 502 452-1151; Fax: 502 454-0291

LOUISIANA

New Orleans MONARCH REAL ESTATE ADVISORS, INC. Ste. 20, 2727 Prylania St. 70130 504 897-1141; Fax: 504 897-1146

MARYLAND

Bethesda OXFORD REALTY FINANCIAL GROUP, INC. Ste. 1100, 7200 Wisconsin Ave. 20814 301 654-3100 Fax: 301 654-9154

Oxford is a real estate investment services company and an active principal in the multifamily housing market on a national basis with interests in approximately 40,000 apartment units. Its staff of professionals provides high quality services to real estate owners and investors, including:

* Investment strategies based on sophisticated market analysis and a constant presence in the capital and real estate markets.

* Investment placement, including location, underwriting, due diligence, structuring and transaction processing.

* Innovative financing techniques, including securitization and senior/subordinated structures.

* Asset Management services including property performance assessment, business plan preparation, restructuring (including litigation management), refinancing, dispositions, and investor servicing.

* Development and rehab expertise.

Potomac BFS ASSOCS. 11405 Georgetowne Dr. 20854 301 983-8100

Rockville CRI, INC. 11200 Rockville Pike 20852 301 468-9200; Fax: 301 231-0396 Fax: 301 231-0396

MASSACHUSETTS

Boston SPAULDING & SLYE 125 High St. 02110 617 523-8000 Fax: 617 523-8001

Burlington

FINARD & COMPANY, INC. 3 Burlington Woods Dr. 01803 617 273-5555 Fax: 617 272-8408

Waltham WILDER MGT. ASSOCS. INC. Ste. 4300, 950 Winter St. 02154 617 890-3500; Fax: 617 890-1999

MICHIGAN

Farmington Hills THE NELSON COS. INC. Ste. 340, 32605 W.12 Mile Rd. 48334 313 553-2777; Fax: 313 553-2987

Grand Rapids OXFORD PARTNERS, INC. 126 Ottawa Ave., N.W. 49503 616 456-8680; Fax: 616 456-8267

MINNESOTA

Minneapolis GILBERT & CO. Ste. 4340, 33 S. 6th St. 55402 612 372-1583; Fax: 612 372-1510

WATSON CENTERS INC. Ste. 420, 3033 Excelsior Blvd. 55416 612 920-5034; Fax: 612 920-5438

MISSOURI

Kansas City

(a) MIDLAND LOAN SERVICES, L.P. 210 W. Tenth 64105 816 435-5000 Fax: 816 435-2326

Saint Louis CROWN CAPITAL CORP. 540 Maryville Centre 63141 314 576-1201; Fax: 314 576-1525

(a) THE DESCO GROUP 8040 Forsyth 81vd. 63105 314 994-4450 Fax: 314 994-4450

THE MICHELSON ORGANIZATION The Pierre Laclede Ctr., Ste. 900 7701 Forsyth 81vd. 63105-1813 314 862-7080

NEVADA

Las Vegas TRF NEVADA INC. 893 S. Rainbow Blvd. 89128 702 259-3131; Fax: 702 259-3130

NEW JERSEY

Hackensack M. L. BEER INVSTS. INC. 2 University Plaza 07601 201 734-1300; Fax: 201 734-1476

Moorestown WARE ASSOCS. 321 Springhouse Ln. 08057 609 234-6000

Parsippany THE PRUDENTIAL REALTY GROUP 8 Campus Dr., 4th Fl. 07054 201 996-6000; Fax: 201 489-1865

Woodbridge JACOBSON, GOLDFARB & TANZMAN ASSOCS. L.L.C. Ten Woodbridge Center Dr. 07095 908 750-4000; Fax: 908 750-1290

NEW YORK

New York City EQUINOX REALTY ADVISORS, INC. #1618, 342 Madison Ave. 10173 212 922-1843; Fax: 212 922-1846

THE MENDIK CO. 330 Madison Ave. 10017 212 557-1100; Fax: 212 983-7698

NAT'L DIVERSIFIED REALTY Ste. 16C, 605 ParkAve.10021 212 472-8463

NEWMARK & COMPANY REAL ESTATE. INC. 125 Park Ave.10017 212 372-2000; Fax: 212 372-2426

THE YARMOUTH GROUP, INC. Swiss Bank Tower, 10 E. 50th St. 10022 212 355-4810

Utica ASHFORD MGT. GROUP, INC. 501 Main St.13501 315 724-4900; Fax: 315 724-2074

NORTH CAROLINA

Charlotte FAISON 1900 Interstate Tower 121 W. Trade St. 28202 704 331-2500

OHIO

Cincinnati UNIVERSITY OF CINCINNATI 2624 Clifton Ave. 107 Beecher Hall MailLoc. 157 45221-0157 513 556-0658; Fax: 513 556-0486

OKLAHOMA

Tulsa BANCOKLAHOMA TRUST CO. Bank of Oklahoma Tower 74192 918 588-6316; Fax: 918 588-6150

PENNSYLVANIA

Chadds Ford R. J. WATERS & ASSOCS. INC. 304 Brandywine II 19317 215 358-1543; Fax: 215 358-9218

Johnstown CROWN AMERICAN PROPERTIES, L.P. Pasquerilla Plaza 15901-1999 814 536-4441; Fax: 814 535-9343

Philadelphia AEGIS REALTY CONSULTANTS Ste. 2144,123 S. Broad St. 19109 215 546-5800 Fax: 215 546-1584

Aegis is an advisor and asset manager serving domestic and European institutional investors with real estate interests in the eastern United States and Canada.

BELL ATLANTIC PROPERTIES 34th Fl., 1717 Arch St.19103 215 587-4200; Fax: 215 587-5507

Pittsburgh THE FIRST CITY CO. Ste. 212, Four Gateway Center 15222 412 391-9260; Fax: 412 391-9316

SOUTH CAROLINA

Aiken WYATT DEVELOPMENT 1080 Silver Bluff Rd. 29803 803 649-3975; Fax: 803 642-5908

TENNESSEE

Nashville HOTEL ASSET MGRS. OF AMERICA Ste. A, 3717 Central Ave. 37205 615 292-5990; Fax; 615 292-5990

TEXAS

Dallas

AMRESCO, INC. Ste. 2400, LB 342 700 N. Pearl St. 75201-7424 800 966-7887 Fax: 214 969-5478 Web Site: http://www.amresco.com

JOYCE DAY REALTORS 4202 Trinity Mills Rd. 75287 214 248-3333

(a) GE CAPITAL REALTY GROUP, INC. Two Bent Tree Tower, Ste. 400 16479 Dallas Pkwy. 75248 214 447-2500

INTERSHOP REAL ESTATE SERVICES 1100 Two Galleria Twr. 13455 Noel Rd. 75240 214 774-4100; Fax: 214 774-9737

UNITED COMM'L MGT. INC. Ste. 222, 7001 Preston Rd. 75205 214 526-6262; Fax: 214 523 0800

El Paso EPT MANAGEMEIIT CO. Ste. 102, 6090 Surety Dr. 79905 915 778-7500 Fax: 915 778-8086

Houston HINES 50th Fl., 2800 Post Oak Blvd. 77056-6118 713 621-8000 FAX: 719 966-2053

TRANSWESTERN PROPERTY CO. #200, 6671 Southwest Fwy. 77074 713 270-7700; Fax: 713 270-6285

VIRGINIA

Alexandria J.E. ROBERT COMPANIES Ste. 200.11 Canal Center Pl. 22314 703 739-4400

Herndon RER RESOURCES LIMITED PARTNERSHIP 950 Herndon Pwy. 22070 703 450-6789 Fax: 703 450-7833 Our full range ot professional asset management services includes: Restructurings and: Dispositions * Litigation Support * Asset Business Plan Development * Residential and Commercial Due Diligence * Real Estate Valuation * Receivership Services * Loan Servicing.

McLean FALCON MGT. GROUP Ste. 220, 6862 Elm St. 22101 703 556-4995; Fax: 301 556-4999

Vienna

(a) NHP INCORPORATED Ste. 400, 8065 Leesburg Pike 22182-2738 703 394-2400 Fax: 703 394-2900

WASHINGTON

Seattle

(a) PINNACLE REALTY MANAGEMENT CO. Ste. 110, 401 Second Ave. S. 98104 206 215-9700 Fax: 206 215-9777

Spokane CROWN WEST REALTY, L.L.C. Bldg. N-15, 3808 N. Sullivan Rd. 99216 509 924-1720 Fax: 509 924-3748 Web Site: http://www.crownwest.com

CANADA

ONTARIO

Toronto EDGECOMBE GROUP. INC. Ste.1700, 655 Bay St. M5G 2K4 416 977-3224

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