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provider in the South Bend azea has agreed to an extensive referral agreement to include a litany <br />of services, programs, and help for our residents. <br />The property will use several "Green" construction methods, materials, and appliances including <br />Energy Star heating & cooling system, windows, dishwashers, refrigerators, and ceiling fans. <br />The market is in need of an affordable project precisely like Prairie Apartments phase II. Phase I <br />lease up to 100% by moving in at least one family per business day on average. Our occupancy <br />remains at 100% with nearly 40 families on a wait list. With our amenities, great location, and <br />unit features Prairie Apartments will be the property to lead occupancy statistics year after year. <br />The developer, Equal Development, L.L.C., and the entire development team offer exceptional <br />expertise. Equal Development, LLC, owned by William J. Hollingsworth, is truly a one of a kind <br />organization. With several hundred affordable apartments, Hollingsworth has achieved an <br />impressive record of successful property management, construction and development including a <br />number of successful projects dating back to 2000. Born out of the belief that nobody cares for a <br />property like the owner, Hollingsworth has been involved in the management, construction and <br />development of several "front cover" examples of the highest standards of the industry. <br />With a decade of proven local Indiana operations and a continuing commitment to providing <br />solid, successful property operations, Hollingsworth stands proud of his history, continued <br />success, trained personnel, and "hands on" style with Equal Development, LLC. <br />Please see Exhibit D for photographs of Prairie Apartments (Phase I). <br />(Rev 10/23/06) 2 <br />