Apartment Community Portfolio

Atlanta, Georgia Apartments

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI at Barrett Lakes Kennesaw, GA Developed 1997 446 AMLI at Barrett Walk Kennesaw, GA Developed 2002 290 AMLI at Clairmont Atlanta, GA 1998 1988 288 AMLI at McGinnis Ferry Suwanee, GA 2005 2002 696 AMLI at Mill Creek Buford, GA Developed 2002 400 AMLI at Milton Park Alpharetta, GA Developed 2003 461 AMLI at North Briarcliff Atlanta, GA 2005/2006 2002 537 AMLI at Northwinds Alpharetta, GA Developed 1999 800 AMLI at Peachtree City Peachtree City, GA Developed 1998 312 AMLI Perimeter Gardens Dunwoody, GA Developed 2007 245 AMLI at Perimeter Place Atlanta, GA n/a n/a 323 AMLI at West Paces Atlanta, GA 1993 1992 337 Total Number of Atlanta Apartment Homes - Stabilized: 5,135

Austin, Texas Apartments

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI Downtown Austin, TX Developed 2005 220 AMLI at Lantana Hills Austin, TX 2005 2002 264 AMLI at Lantana Ridge Austin, TX 1997 1997 354 AMLI at Scofield Ridge Austin, TX 2000 2000 487 AMLI at Stonehollow Austin, TX 1997 2000 606 Total Number of Austin Apartment Homes - Stabilized: 1,931

Chicago, Illinois Apartments

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI at Canterfield West Dundee, IL 2004 2001 352 AMLI at Chevy Chase Buffalo Grove, IL 1996 1988 592 AMLI at Danada Farms Wheaton, IL 1997 1989/1991 600 AMLI at Kirkland Crossing Aurora, IL 2004 2004 266 AMLI at Museum Gardens Vernon Hills, IL 2Q/03 1Q/06 294 AMLI at Naperville Naperville, IL 2006   440 AMLI at Oakhurst North Aurora, IL Developed 2000 464 AMLI at Osprey Lake Gurnee, IL 1997/1999 2001 483 AMLI at River Run Naperville, IL 2004 2003 206 AMLI at Seven Bridges Woodridge, IL Developed 2004 520 AMLI at St. Charles St. Charles, IL Developed 2000 400 AMLI at Windbrooke Buffalo Grove, IL 1987 1995 236 Total Number of Chicago Apartment Homes - Stabilized: 4,853

Dallas, Texas Apartments

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI 7th Street Station Ft. Worth, TX 2002 2000 189 AMLI at Breckinridge Point Richardson, TX 1999 2000 440 AMLI at Bryan Place Dallas, TX 2002 1999 420 AMLI at Cityplace Dallas, TX 2005 2000 244 AMLI at Deerfield Plano, TX Developed 1999 240 AMLI on Frankford Dallas, TX 2000 1998 582 AMLI Knox-Henderson Dallas, TX 2003 1994 180 AMLI at La Villita Irving, TX Developed 2007 306 AMLI at Prestonwood Hills Plano, TX 1997 1999 272 AMLI at Stonebridge Ranch Mckinney, TX 1995 2001 250 AMLI Upper West Side Ft. Worth, TX 2002 2001 194 Total Number of Dallas Apartment Homes - Stabilized: 3,317

Denver, Colorado Apartments

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI at Lowry Estates Denver, CO 2000 2000 414 AMLI at Park Meadows Littleton, CO 2002 2001 518 AMLI at Westcliff Westminster, CO 2004 2003 372 Total Number of Denver Apartment Homes - Stabilized: 1,304

Southeast Florida Apartments

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI at Ibis West Palm Beach, FL 2004 2001 234 Total Number of Southeast Florida Apartment Homes - Stabilized: 234

Houston, Texas Apartments

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI on Eldridge Parkway Houston, TX 2004 1998/1999 668 AMLI at the Medical Center Houston, TX 2001 2000 334 AMLI Memorial Heights Houston, TX 2005 2002 380 AMLI Towne Square Houston, TX 1999 2000 380 Total Number of Houston Apartment Homes - Stabilized: 1,762

Kansas City, Kansas Apartments

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI at Cambridge Square Overland Park, KS Developed 2002 408 AMLI Clear Creek Overland Park, KS Developed 2007 288 AMLI Creekside Overland Park, KS Developed 2000 224 AMLI at Lexington Farms Overland Park, KS 1998 1998 404 AMLI New Longview Lee's Summit, MO Developed 2007 206 AMLI at Wynnewood Farms Overland Park, KS Developed 2000 232 Total Number of Kansas City Apartment Homes - Stabilized: 1,762

Seattle, Washington

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI 535 Seattle, WA 2007 2007 199 AMLI at Bellevue Park Bellevue, WA 2006 227 Total Number of Apartment Homes - Stabilized: 426

Southern California

Apartment Community Location Year Acquired Year Completed Number of Apt. Homes AMLI on Day Creek Rancho Cucamonga, CA 2007   270 AMLI at Empire Lakes Rancho Cucamonga, CA 2006   521 AMLI on the Boulevard Sherman Oaks, CA 2006 1988 270 AMLI at Victoria Arbors Rancho Cucamonga, CA 2007   319 Total Number of Apartment Homes - Stabilized: 1,380

Total Number of Apartment Homes - Stabilized:

22,252

Communities in lease-up or under development

Apartment Community Location Construction Start Expected Stabilization Number of Apt. Homes AMLI on 2nd Austin, TX n/a n/a 231 AMLI 900 Chicago, IL 4Q/06 4Q/09 440 AMLI at Fossil Lake Ft. Worth, TX 1Q/07 1Q/09 288 AMLI at Inverness Englewood, CO 1Q/07 2Q/09 309

Total Number of Apartment Homes - Development:

1,268