Rainwalk Value Added Opportunity Blocks to the Las Vegas "Strip" Offering Price:  $15,750,000 Number of Units:   200 Built:   1971 Financing:  New Loan   Unit Mix:  Units   Type SQ. FT.  Rent 1  Studio 400 $500  100  1B/1b 800 $675  1  2B/2b 1,030 $900  3  2B/2b 1,300 $975  94  2B/2b 1,400 $850  1  2B/2b 1,600 $950 6.85% ProForma Cap Rate Excellent Rental Location Thousand of New Jobs Being Created in Immediate Area

Almond Tree Reduced $300,000 Offering Price:  $2,725,000 Number of Units:   38 Built:   1979 Financing:  New Loan     Unit Mix:  Units   Type SQ. FT.  Rent  27  1B/1b  650  $625  11 2B/1b   700  $725   Recently completely renovated, Almond Tree is a charming 38 unit apartment complex located in the highly desirable Northwest Las Vegas Valley. The property is comprised of three stucco-over-wood-frame two-story garden walk-up buildings with attractive ceramic tile mansurds. Residents of Almond Tree enjoy easy access to Downtown and the Las Vegas "Strip" via US-95 freeway less than 1/2 mile from the property.  Shopping, schools, and entertainment are within minutes of this ideally located property. Owner/Licensee

College Court Reduced - Motivated Seller Offering Price:  $2,495,000 Number of Units:   42 Built:   1986 Financing:  New Loan     Unit Mix:  Units   Type SQ. FT.  Rent  42  1B/1b  565  $595 1 Studio 400 $500   College Court Apartments is a 42-unit property  in one three-story building, all one-bedroom one-bath units of 565 square feet.  It is located in the northeast area of Las Vegas, very close to the College of Southern Nevada.  I-15 is blocks to the west, providing access to all major arterials in the Las Vegas Valley.  There are many employment sources in the area, including Nellis Air Force Base, the Las Vegas Speedway, The Cannery Hotel and Casino, and an abundance of shopping centers, restaurants, parks, and golf courses.

Henderson Plaza Offering Price:  $5,000,000 Number of Units:   68 Built:   1963 Financing:  New Loan     Unit Mix:  Units   Type SQ. FT.  Rent  68 2B/1b 830  $750           Henderson Plaza is a 68-unit apartment property located in downtown Henderson, Nevada.  It consists of 17 2-story buildings of frame construction and pitched shingle roofs.  The property has a swimming pool and laundry facilities and microwave ovens in all units.  The units are all two-bedroom one-bath 830 roomy square feet.  The surrounding area has many employment sources, shopping centers, restaurants, parks, and is within 20 minutes of Lake Mead Recreation Area.