Texan North Campus - purchased a 25,000 square foot commercial zoned site adjacent to the new Triangle Development in North Central Austin.  Site development has commenced to build a 35,800 square foot mixed-use retail and apartment project.  Construction is completed and project is 100% occupied.

Texan 304 - purchased a tract of land and razed the existing improvements and secured entitlements to construct a three-story 5 unit residential apartment building in the University of Texas North Campus area. The building has 6,778 net rentable square feet with a 16 space street level parking garage.  The building was started March 2010 and completed on schedule July 2010 for the 2010/2011 school year and below the budgeted costs of $792,640.  The property is currently 100% leased.

Texan Pearl - purchased a tract of land and razed the existing improvements and secured entitlements to construct a six-story 78 unit residential apartment building in the University of Texas West Campus area. The building has 68,836 net rentable square feet with a 117 space underground parking garage.  The building was completed on schedule in August 2008 for the 2008/2009 school year and below the budgeted costs of $13,500,000.  The property is currently 100% leased

Texan Shoal Creek- purchased a tract of land, razed the existing improvements and secured entitlements to construct a five story - 79 unit residential apartment building in the University of Texas, West Campus area.   The building has 72,815 net rentable square feet with a 156 space underground parking garage.  The building was completed on schedule in August 2007 for the 2007/2008 school year and below the budgeted costs of $13,500,000.  The property is currently 100% leased.

Texan Tower - purchased a tract of land, razed the existing improvements and secured entitlements to construct a six story 74 unit residential condominium building in the University of Texas West Campus area. The building contains 75,928 net sellable square feet with a 144 space underground parking garage. The building was completed on schedule in August 2006 for the 2006/2007 school year and below budgeted cost of $13,500,000.  All of the condominium units have been sold generating a gross sell-out of $20,350,000.

Texan West Campus - purchased a tract of land, razed the existing improvements and secured entitlements to construct a five story - 62 unit apartment building in the University of Texas, West Campus area.  The building contains 75,647 net rentable square feet with a 134 space underground parking garage.  The project was completed in August 2005 on time for the 2005/2006 school year and below budgeted cost of $10,000,000.  The property was sold to an investment group in February 2007 for $19,000,000.

5606 Grover - purchased a 1 acre site adjacent to the McCallum High School in North Central Austin.  The tract was subdivided into 6 lots subdivisions to construct 8 high end condominium and single family homes.  Construction was completed July 2008 and 5 homes have been sold to date and the remaining 3 are currently rentals.

2302-2322 Thornton - purchased a 2-acre tract in hot bed of new developments in south central South Congress (SOCO) district of Austin.  The tract was subdivided into 2- 4 lot subdivisions to construct 16 high end luxury condominiums.  Construction is complete and 7 units have been sold to date and the remaining 9 are currently rentals.

NEC SH71 and SH 95, Bastrop, Texas - purchased 12.5 acres of commercial zoned property at a strategic location at the intersection of State Highway 71 & 95 in one of the fastest growing counties in Texas. A commercial subdivision has been platted for hotel, restaurant and retail uses.  The 12.5 acres was sold for $2,750,000 to a regional travel center developer/operator October 2010