




| Alborada, Fremont CA 442 units, built in 1998 Alborada's location was convenient to high-tech jobs in Southern Alameda and northern Santa Clara counties, but this quiet residential area of Fremont held costs down and achieved rental prices slightly lower than denser Silicon Valley communities. Built in 1998, the 442-unit property was sold two years later. It is now owned by Equity Residential. |

| SNK Realty Corporation Inc. 1601 N. 7th Steet, Suite 420, Phoenix, AZ 85006 Phone (602) 261-7511 Fax (602) 261-7591 |