1) 8 units - The Dawn Condominiums in Galveston County,
2) 174 acres in Waller County, Texas, $4,500,000**;
3) 65 acres in Galveston County, Texas, $2,000,000*;
4) 17 acres on Interstate 59 in Houston, Texas, $2,000,000**
5) 34 acres on Airport Boulevard in Houston, Texas, (sale
6) 1.7 acres in Galveston County, Texas, $500,000**; and
7) 2 lots in Galveston County, Texas, $200,000**.
* This property is
carried on the Company's books for an amount substantially less than
the market value, because it was acquired through a related party
transaction. Under G.A.A.P. accounting, this property must
be booked at original cost to the related party contributor.
** Each valuation provided above is
based on at least one of the following: a professional appraisal, a
pending offer, or management opinion.
*** Owned by subsidiary Northeastern Plastics, Inc.