Partial Track Record

Partial Track Record of the principals of the MORGAN INVESTMENT FUND :

Summary of our NY Projects Current Projects: Project Location Unit Square Footage Type Hale Heights 99 Hale Avenue, 100 Hale Avenue, White Plains NY, 127 210,000 Residential Condo One Wadsworth Park One Wadsworth Terrace, New York NY 40 61,000 Residential Condo Morgan Lofts 11 East 36th Street, New York NY 70 97,000 Residential Condo Bay View Condos 6507 Bay Parkway, Brooklyn NY 24 43,000 Residential Condo Prospect Terrace 1638 8th Avenue, Brooklyn NY 27 31,000 Residential Condo Quentin Terrace 101 Quentin Road, 1671 W. 10th Street, Brooklyn NY 35 60,000 Residential Condo Village Terrace 71-73 Village Road North, Brooklyn NY 42 55,000 Residential Condo Seabreeze Skyline Tower 215-271 Seabreeze Avenue, Brooklyn NY 114 200,000 Residential Condo

Partial Summary of our West Coast Projects Apartment Buildings Address Description Address Description Blythe, Panorama City, LA 26 Units Hinds, N. Hollywood, LA 15 Units Hazelhurst, N. Hollywood, LA 32 Units S. Doheny Dr, Beverly Hills, LA 14 Units W. Broadway, Long Beach, LA 20 Units Pech, Houston TX 52 Units Westmoreland, Los Angeles, LA 16 Units Vanowen, Van Nuys, LA 15 Units Lankersheim, N. Hollywood, LA 133 Units Langdon, Van Nuys, LA 36 Units Muchison, Pomona, LA 52 Units Chicago Ave, Riverside, LA 192 Units 40 Langdon, Van Nuys, LA 70 Units     Condominium Conversions Greenfield, Westwood, LA 16 Units Reseda, Reseda, LA 28 Units Hilgard, Westwood, LA 14 Units Beverly Glen, Rancho Park, LA 21 Units Yarmouth, Encino, LA 19 Units N. Flores, W. Hollywood, LA 19 Units Woodbridge, Studio City, LA 15 Units Punahou, Honolulu, HI 16 Units Homer, Westminister, Orange County 120 Units Universty Ave, Honolulu, HI 39 Units Seaview, Honolulu, HI 21 Units Seaview, Honolulu, HI 21 Units E. Angeleno, Burbank, LA 20 Units Glade, Canoga Park, LA 106 Units Sepulveda, Van Nuys, LA 86 Units Desoto, Chatsworth, LA 55 Units Collins, Tarzana, LA 50 Units Mayfield, Brentwood, LA 18 Units N. Martel/Fuller, W. Hollywood, LA 36 Units Westgate, Brentwood, LA 41 Units Kiowa, Brentwood, LA 17 Units Camino Palmero, Hollywood, LA 25 Units N. Westmount, W. Hollywood, LA 25 Units N. Palm, W. Hollywood, LA 52 Units Office Buildings Clairemont, LA 100,000 SF Oceanside, San Diego 61,000 SF Dallas, TX 44,000 SF Mission Valley, LA 53,000 SF Beverly Blvd, LA 38,000 SF S. La Cienega, Beverly Hills 36,000 SF Wilshire Blvd, LA 40,000 SF Ohio/Pontius 28,000 SF Wilshire Blvd, LA 220,000 SF     Commercial / hotels Crenshaw, LA Medical/offices 66,000 SF 630 W. Duarte, Arcadia, LA Medical/offices 70,000 SF Las Vegas, NV Motel, 63 Rooms Las Vegas, NV Hotel, 100 Rooms Waikiki Beach, HI Hotel 100 Rooms