Development Portfolio RESIDENTIAL

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RESIDENTIAL 100 & 150 Washington St., 135 Clinton St. Units 450 Total Development Cost $6,000,000, Owner, 100 South Ocean Avenue Freeport, New York Units 90 Total Development Cost $920,000, Owner, General Partner Audubon Apartments New York, New York Units 88 Total Development Cost $4,773,000, Owner Christopher Court Units 160 Total Development Cost $7,425,000 Dennis Lane Apartments Units 240 Total Development Cost $3,800,000 Partner-CWC Construction Corp. Earl W. Jimmerson Housing Brooklyn, New York Units 340 Total Development Cost $5,661,000 Partner-CWC Construction Corp., 1

RESIDENTIAL CONT. Development Portfolio MS Houses New York, New York Units 132 Total Development Cost $6,311,000 Newbridge Road Apartments Levittown, New York Units 80 Total Development Cost $960,000, Owner Port Jefferson Garden Apartments Section I Port Jefferson Station, New York Units 240 Total Development Cost $1,800,000, Owner Port Jefferson Garden Apartments Section II Port Jefferson Station, New York Units 136 Total Development Cost $2,000,000, Owner University House I Units 220 Total Development Cost $1,800,000, Owner, University House II Units 120 Total Development Cost $1,000,000, Owner, 2

RESIDENTIAL CONT. Development Portfolio University House III Units 240 Total Development Cost $2,000,000, Owner, AFFORDABLE MULTI-FAMILY Allerton Coop Apartments Baiting Hollow, New York Units 698 Total Development Cost $22,000,000 Developer,, Owner, Concourse Village Units 1,600 Total Development Cost $38,500,000 Joint Venture: Cauldwell- Wingate Construction Corp., Benjamin Contracting Corp. & Alvin Benjamin Cunningham Heights Apartments Hollis, New York Units 1,056 Total Development Cost $28,000,000 Developer,, Owner, Dan Daly Homes and Kennedy Heights Glen Cove, New York Units 148 Total Development Cost $2,466,000 3

AFFORDABLE MULTI-FAMILY CONT. Elisabeth & Gregory Astoria, New York Units 894 Total Development Cost $12,420,000 Jackson Terrace Units 417 Total Development Cost $10,000,000 Owner, Marine Terrace Astoria, New York Units 444 Total Development Cost $16,764,500 Mitchel Field Arms Units 336, General Partner, Total Development Cost $13,000,000, Owner AFFORDABLE SENIOR HOUSING Allen Senior Citizens Apartments Jamaica, New York Units 300 Total Development Cost $8,982,000, Duncan Genns Apartments Brooklyn, New York Units 103 Total Development Cost $6,149,000 4

AFFORDABLE SENIOR HOUSING CONT. Greenwich Gardens Senior Citizens Project Units 294 Total Development Cost $6,058,000, General Partner, Hempstead Senior Citizens Project Units 75 Total Development Cost $1,727,000, Seller Mannie L. Wilson Towers New York, New York Units 102 Total Development Cost $5,391,000 Mitchel Houses East Meadow, New York Units 126 Total Development Cost $5,272,000, General Partner, Northeastern Conference House St. Albans, New York Units 111 Total Development Cost $5,559,000 Oceanport Senior Citizens Project Oceanport, New Jersey Units 101 Total Development Cost $2,603,000, General Partner, 5

AFFORDABLE SENIOR HOUSING CONT. Parkview Apartments Units 120 Total Development Cost $6,010,000 Salisbury Gardens East Meadow, New York Units 100 Total Development Cost $28,000,000 Developer, St. Andrews Units 79 Total Development Cost $5,309,000 COMMERCIAL Bohack Center at Bellmore Bellmore, New York Square Footage 35,000 Total Development Cost $920,000 Closter Plaza Shopping Center: Sections I & II Closter, New Jersey Square Footage 195,000 Total Development Cost $4,250,000 Grand Union Center Merrick, New York Square Footage 50,000 Total Development Cost $390,000 6

COMMERCIAL CONT. Development Portfolio Grand Union Shopping Center Deer Park, New York Square Footage 75,000 Total Development Cost $560,000 Professional Building Farmingdale, New York Square Footage 12,000 Total Development Cost $650,000 CIVIC/OTHER Allen AME Education & Multipurpose Center Jamaica, New York Total Development Cost $3,200,000 Association for Help of Retarded Children Group Residence Units 12 Total Development Cost $647,000 7