Apartment Fund Series

The Apartment Fund Series are closed-end, commingled funds formed for the purpose of acquiring, investing in, developing, managing and operating multi-family residential real estate properties consisting of high-rise, mid-rise, and garden apartments.

Bear Stearns Apartment Fund:
Total Equity Commitment: $160.0 mm
Final Closing Date: September 30, 1992

Capital Associates Apartment Fund LP:
Total Equity Commitment: $98.5 mm
Final Closing Date: March 31, 1998

Capri Capital Advisors Apartment Fund III:
Total Equity Commitment: $177.5 mm
Final Closing Date: December 27, 2001