References on any transactions we have handled are encouraged and available on request.

3443 Esplanade Property, LLC

Aequitas Housing

Aetna Realty Investors, Inc.

American Real Estate Group, Inc. (aka Brazos Advisors)

Archon Residential

Archstone Smith REIT

Ascend Care Housing Corporation

Audubon Communities, LLC

AVR Realty Company

Bahar Development, Inc.

Bay Equity Real Estate, LLC

Beal Bank, S.S.B.

BGK Ventures, LLC

Blue Valley Apartments, LLC

Brockman Enterprises

Brothers Property Corporation

CHGS Realty Investment, LLC

CIGNA Investment Management

City Place Investors, LLC

CLK Properties

Connecticut National Bank

Cottonwood Capital Partners

Darryl Berger Companies

Dawn Properties, LLC

Delta Alliance Capital Management

Development Properties, LLC

DPM Properties, LLC

East Bay, LLC

Elad Group

Encore Properties

Equity Holdings, LLC

Fairfax Savings Bank

Fannie Mae

Favrot & Shane Companies

Federal Deposit Insurance Corporation (FDIC)

Federal National Mortgage Association (Fannie Mae)

Feil Organization

Five Mile Capital

First Nationwide Bank

Flagship Properties, Inc

Gateway Housing Foundation

GMAC Commercial Mortgage

Greater Lakeside Corporation

Haley Real Estate Group, LLC

Hudson Mortgage Capital

I-Corp

Inland Group of Companies

Investor Property Services

JLS Investments, Inc.

John Hancock Life Insurance Company

JPS Investments, Inc.

JRCC Investments, LLC

K – A – C Properties

Kapelow Investments, Inc.

Kensington Associates

Lehman Brothers

Lincoln Property Company

LMS Realty Investments, Inc

LNR Partners

Madison Properties, LLC

Marianites of Holy Cross

Mariposa, LLC

Metropolitan Life Insurance Company

MIMLIC Asset Management Company

Mitchell Companies

Morguard Corporation

Mortgage and Realty Trust

Mountain AMD, L.P.

Multi-Family Mission Ministries (A 5o1c(3) Corporation)

Mutual Benefit Life Assurance Company

Mutual of New York Insurance Company

Northwestern Mutual Life Insurance Company

Northstar

NRP Group

Ocwen Federal Bank

Pan American Life Insurance Company

Papillon Associates

Patrician Management

Penn Mutual Life Insurance Company

Phoenix Development, LLC

Phoenix Mutual/Home Life Insurance Company

Pride Rock Capital

Provident Mutual Life Insurance Company

Prudential Life Insurance Company

Raith Capital Partners

RCG | Longview Properties

RealSource

Regions Bank

Resolution Trust Corporation (RTC)

Rosement / Gemini Realty

Rosenberg Management, Inc.

San Jacinto Savings Bank

SB Pacific Group

Sevo-Miller

Sheltering Palms

Southwood Realty Corp.

Stirling Properties

Strategic Realty Capital

Stratford Management Company

Summit Asset Management

SunAmerica

TGM Associates, Inc.

The Champion Group

The Medve Group

Trammel Crew Residential

Travelers Realty Investments, Inc.

Triangle Real Estate Gastonia, Inc.

Trimont Realty Advisors

UNUM Life Insurance Company

Volunteers of America National Housing Corporation

Wainer Enterprises

Walker & Dunlop

Wells Fargo

Whitten Foundation

Willwoods Foundation