Year Built	Year Acquired		Property Name	City	State	Units	Potential Build-Out	Total Potential Units
			MULTI-FAMILY APARTMENT COMMUNITIES
1985	1990		Papillon Parc	Fort Worth	Texas	76	0	76
1996	1996		The Marquis at Deerfield *	San Antonio	Texas	340	0	340
1996	1996		The Marquis at Ladera Vista *	Austin	Texas	224	0	224
1998	1997		The Marquis of Carmel Valley *	Charlotte	North Carolina	424	0	424
1998	1998		Brooks on Preston	Plano	Texas	342	0	342
1996	1998		Talavera	San Antonio	Texas	336	0	336
1998	1998		The Marquis at Legends	San Antonio	Texas	306	0	306
1998	1999		The Marquis at DTC	Denver	Colorado	238	0	238
1998	1999		The Marquis at Waterview	Richardson	Texas	528	0	528
1998	1999		The Preserve at Ballantyne Commons	Charlotte	North Carolina	270	0	270
2001	1999		The Marquis at Carmel Commons*	Charlotte	North Carolina	312	0	312
2001	1999		The Marquis at Rogers Ranch*	San Antonio	Texas	246	0	246
1994	2000		The Marquis at Caprock Canyon	Austin	Texas	336	0	336
1996	2000		The Marquis at Preston	Cary	North Carolina	292	0	292
2000	2000		The Marquis at Barton Creek	Austin	Texas	250	0	250
2000	2000		The Marquis at Crossroads	Raleigh	North Carolina	296	0	296
2000	2000		The Marquis at Town Centre	Broomfield	Colorado	283	0	283
1996	2002		The Marquis at Stonegate	Fort Worth	Texas	308	0	308
1996	2002		The Marquis at Willow Lake	Fort Worth	Texas	138	0	138
1998	2002		The Marquis at Turtle Creek	Dallas	Texas	98	0	98
2001	2002		Fairmont at Willow Creek*	Folsom	California	260	0	260
1997	2003		The Marquis at Bellaire Ranch	Fort Worth	Texas	316	0	316
2002	2003		The Marquis on McKinney*	Dallas	Texas	144	0	144
1994	2004		The Marquis at Quarry	San Antonio	Texas	224	0	224
1985/86	2004		Townlake of Coppell	Coppell	Texas	398	0	398
2002	2004		The Marquis at West Village	Dallas	Texas	179	0	179
2002	2004		The Marquis at Iron Rock Ranch	Austin	Texas	300	0	300
1999	2005		The Marquis at Park Central	Dallas	Texas	308	0	308
1978	2005		Windsor at Barton Creek	Austin	Texas	134	0	134
1996	2005		The Marquis on Gaston	Dallas	Texas	480	0	480
1978/79	2005		Northwest Hills Apartments	Austin	Texas	314	0	314
2002	2005		The Marquis at Silver Oaks	Grapevine	Texas	480	0	480
1996	2005		The Marquis at Silverton	Cary	North Carolina	216	0	216
1983	2005		Marquis at the Parkway	Denver	Colorado	460	0	460
1973	2006		Riverside Square	Austin	Texas	100	0	100
1984	2006		The Park on Spring Creek	Plano	Texas	278	0	278
1990	2006		The Marquis at Bellaire	Houston	Texas	581	0	581
1995	2006		The Marquis at Briarcliff	Atlanta	Georgia	104	0	104
2000	2006		The Marquis at Lantana	Flower Mound	Texas	248	0	248
1999	2006		The Marquis at Riverchase	Coppell	Texas	360	0	360
1998	2006		The Marquis at Stonebriar	Frisco	Texas	347	0	347
1996	2006		The Marquis on Edwards Mill	Raleigh	Texas	352	0	352
2002	2006		The Marquis on Cedar Springs	Dallas	Texas	165	0	165
1998	2006		The Marquis on Cary Parkway	Raleigh	North Carolina	388	0	388
1981	2006		The Park at Fox Trails	Plano	Texas	286	0	286
1969	2006		Riverside Place	Austin	Texas	145	0	145
1996	2006		The Marquis at Northcross	Huntersville	North Carolina	312	0	312
2001	2007		The Estates of Highland Park	Highland Park	Texas	55	0	55
					APT TOTALS	13,577	0	13,577
			CURRENT DEVELOPMENTS
			The Marquis at State-Thomas	Dallas	Texas	0	127	127
			The Marquis Uptown	Dallas	Texas	0	300	300
			The Block on Campus Phase I	Austin	Texas	0	330	330
			The Block on Campus Phase II	Austin	Texas	0	360	360
			Downtown Austin Condos	Austin	Texas	0	80	80
					DEV TOTALS	0	1,197	1,197
								14,774
			MANUFACTURED HOUSING COMMUNITIES
	2005		Chateau at Onion Creek	Austin	Texas	350		350
	1988		Canadian Properties	Surrey	British Columbia, Canada	664	0	664
					MHC TOTALS	1,014	0	1,014
					CWS PORTFOLIO TOTALS	14,591	1,197	15,788
			*CWS Developments