UDR (UDR) 8-K Regulation FD Disclosure

EXHIBIT 99.1

Mature Market Trends As of October 2004 P R E D I C T A B I L I T Y through H I G H P E R F O R M A N C E

Safe Harbor Statement Statements contained in this presentation, which are not historical facts, are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the Company's use of words such as, "expects," "plans," "estimates," "projects," "intends," "believes," and similar expressions that do not relate to historical matters. Such forward-looking statements are subject to risks and uncertainties which can cause actual results to differ materially from those currently anticipated, due to a number of factors, which include, but are not limited to, unfavorable changes in apartment demand or supply in the Company's markets and the effect on occupancy and rental rates; changing economic conditions; changes in household growth or population; the impact of competition and competitive pricing; acquisitions or new developments may not achieve anticipated results; delays in completing developments and lease-ups on schedule; difficulties in selling existing apartment communities on favorable terms or the timing and closing of planned dispositions under agreement; the shortage of available acquisition candidates; the imposition of federal taxes if we fail to qualify as a REIT in any taxable year; failure to generate sufficient revenue, which could create refinancing risk and impair debt service payments and shareholder distributions; increases in property and liability insurance costs; risks arising from environmental issues or natural disasters; effects of the Company's accounting or other policies and other risk factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time including the Company's Annual Report on Form 10-K and the Company's Quarterly Reports on Form 10-Q. All forward-looking statements in this presentation are made as of today, based upon information known to management as of the date hereof, and the Company assumes no obligation to update or revise any of its forward-looking statements even if experience or future changes show that indicated results or events will not be realized.

Index of Mature Markets

Definitions 7

Total Matures - 68,029 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0287 0.0319 0.0326 0.0292 0.0286 0.0286 0.0304 0.031 0.032 0.0331 0.032 0.0303 0.0289 Net Rent (000) 45231 44647 44893 44841 45052 45388 45315 45351 45285 45233 45728 45818 45717 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Net Rent (000) Note: The company records its revenue on a modified cash basis. Rent for the current month is not recognized until it is collected; however, prepaid rent is recognized as revenue in the month in which it is earned. This modified cash basis accounting will cause monthly fluctuations in revenue recognized depending on the number of accounting days in the month. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9179 0.9167 0.9173 0.9174 0.9189 0.9165 0.9178 0.9329 0.9355 0.9364 0.9362 0.9295 2000 0.9264 0.9351 0.9392 0.9398 0.9435 0.9397 0.9384 0.9471 0.9456 0.9439 0.9405 0.9353 2001 0.9331 0.9338 0.9362 0.9367 0.9381 0.9328 0.9313 0.9374 0.939 0.9412 0.9378 0.9343 2002 0.9302 0.9321 0.9319 0.9328 0.9353 0.9273 0.9257 0.9264 0.925 0.928 0.9328 0.9343 2003 0.9333 0.9333 0.9341 0.937 0.9396 0.9323 0.9291 0.9307 0.9289 0.9283 0.9296 0.9277 2004 0.9305 0.9315 0.9334 0.9375 0.937 0.9344 0.9372 0.9405 0.9421 0.94

Atlanta - 1,426 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0297 0.0447 0.0243 0.0212 0.0175 0.0155 0.0462 0.0252 0.0277 0.0283 0.0177 0.013 0.0111 Net Rent 811 786 811 793 816 797 796 805 817 801 816 812 802 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9144 0.906 0.9116 0.9122 0.9139 0.91 0.9227 0.9394 0.9556 0.9514 0.9457 0.9348 2000 0.933 0.9377 0.9369 0.9297 0.9365 0.9516 0.9534 0.9571 0.9504 0.9527 0.9642 0.9504 2001 0.936 0.9402 0.943 0.9381 0.9384 0.9379 0.9383 0.9346 0.9274 0.93 0.9108 0.915 2002 0.9053 0.9137 0.9165 0.9087 0.8955 0.8943 0.8741 0.8675 0.8655 0.8634 0.9015 0.9209 2003 0.9255 0.9208 0.9213 0.9153 0.909 0.8994 0.9108 0.9062 0.8974 0.9049 0.9025 0.9081 2004 0.9036 0.9067 0.9013 0.9079 0.9271 0.935 0.931 0.9255 0.929 0.9137 Net Rent (000)

Austin - 1,116 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0425 0.0576 0.0603 0.0448 0.0397 0.0359 0.0455 0.0544 0.051 0.0549 0.0387 0.0301 0.0311 Net Rent 633 628 651 651 637 651 649 638 639 653 680 673 662 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9511 0.9626 0.9417 0.9197 0.9161 0.9089 0.9165 0.9458 0.9691 0.9806 0.9697 0.9714 2000 0.9502 0.9458 0.9571 0.9686 0.969 0.9594 0.9585 0.9661 0.9682 0.9779 0.9765 0.9719 2001 0.9716 0.9636 0.912 0.8571 0.8029 0.7643 0.7299 0.7301 0.7277 0.7687 0.8196 0.8305 2002 0.8524 0.8632 0.8681 0.8606 0.8911 0.8869 0.928 0.9245 0.8925 0.8654 0.8387 0.8246 2003 0.8057 0.8044 0.8143 0.8491 0.8562 0.8266 0.8242 0.8461 0.8524 0.862 0.8956 0.9194 2004 0.9201 0.9079 0.9095 0.9233 0.9167 0.916 0.9407 0.9653 0.9604 0.9413 Net Rent (000)

Baltimore - 1,470 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0084 0.0156 0.011 0.0167 0.0107 0.0068 0.0111 0.0118 0.0089 0.0056 0.0119 0.0053 0.0159 Net Rent 1274 1265 1268 1269 1264 1290 1293 1295 1284 1299 1314 1321 1318 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9541 0.9511 0.9609 0.9611 0.9575 0.9678 0.9693 0.98 0.98 0.9755 0.9822 0.9793 2000 0.9659 0.9737 0.9742 0.9744 0.9777 0.9818 0.9847 0.9834 0.9855 0.9913 0.9872 0.9818 2001 0.978 0.9754 0.9806 0.9771 0.983 0.9688 0.963 0.9651 0.9597 0.9662 0.9715 0.9648 2002 0.9738 0.9657 0.962 0.9636 0.9671 0.9597 0.9532 0.9497 0.9464 0.956 0.9634 0.9586 2003 0.9601 0.9623 0.9619 0.9545 0.9578 0.9576 0.9574 0.9553 0.9532 0.9571 0.9607 0.957 2004 0.966 0.9701 0.9663 0.9725 0.9667 0.9648 0.9639 0.9597 0.9712 0.967 Net Rent (000)

Charlotte - 2,034 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0354 0.0303 0.0307 0.0256 0.0179 0.0115 0.0186 0.0174 0.0129 0.0179 0.013 0.0123 0.0134 Net Rent 1118 1098 1099 1093 1114 1110 1080 1112.511 1083 1087 1116 1102 1092 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9213 0.9176 0.9102 0.9069 0.9055 0.9063 0.9127 0.9202 0.907 0.9135 0.9065 0.9043 2000 0.8756 0.873 0.8771 0.8824 0.9093 0.9128 0.9081 0.9148 0.908 0.9111 0.9079 0.9093 2001 0.8994 0.9062 0.9145 0.91 0.8983 0.8804 0.8766 0.8662 0.8682 0.8813 0.881 0.8871 2002 0.8941 0.8907 0.8653 0.8597 0.8851 0.8989 0.9122 0.9251 0.9195 0.9242 0.9625 0.9674 2003 0.9686 0.9568 0.953 0.9588 0.9616 0.9621 0.9535 0.9431 0.9293 0.9182 0.9134 0.9162 2004 0.9093 0.9216 0.9175 0.9123 0.9138 0.9025 0.9103 0.9312 0.9281 0.9288 Net Rent (000)

Columbia, SC - 1,584 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0174 0.0244 0.0252 0.0416 0.0346 0.0399 0.0356 0.037 0.025 0.0306 0.015 0.0136 0.0214 Net Rent 903 864 885 862 881 856 887 892 904 900 918 893 874 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9146 0.9167 0.9125 0.9077 0.9111 0.9028 0.8778 0.8981 0.8984 0.9028 0.898 0.881 2000 0.8909 0.9169 0.9287 0.9366 0.942 0.947 0.9468 0.9648 0.9517 0.9518 0.9531 0.9459 2001 0.9433 0.9411 0.9474 0.9373 0.9398 0.9345 0.9356 0.9605 0.9678 0.9688 0.9585 0.9572 2002 0.9423 0.9438 0.9435 0.9431 0.9493 0.9372 0.9388 0.9669 0.9637 0.9538 0.9632 0.9568 2003 0.9412 0.9369 0.9364 0.9355 0.9329 0.9209 0.9289 0.9443 0.9383 0.9187 0.9088 0.9064 2004 0.913 0.9162 0.9212 0.9299 0.9449 0.9414 0.937 0.9478 0.928 0.9231 Net Rent (000)

Columbus - 2,530 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.009 0.0154 0.0227 0.0225 0.0213 0.0327 0.0355 0.0294 0.0327 0.0424 0.0611 0.039 0.0319 Net Rent 1646 1598 1573 1547 1550 1580 1570 1574 1571 1523 1524 1566 1547 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9189 0.9099 0.8918 0.8682 0.8621 0.8744 0.8926 0.9073 0.928 0.9501 0.9483 0.9376 2000 0.9359 0.9443 0.9474 0.9407 0.9579 0.9477 0.9422 0.9601 0.9611 0.9594 0.9463 0.9309 2001 0.9162 0.9151 0.9157 0.9233 0.9347 0.9322 0.9235 0.9409 0.9506 0.9534 0.9489 0.939 2002 0.9387 0.9477 0.956 0.953 0.9532 0.941 0.927 0.9336 0.9321 0.9304 0.9306 0.9336 2003 0.9374 0.9346 0.9283 0.9317 0.9356 0.9356 0.9385 0.9451 0.9517 0.9427 0.9296 0.9155 2004 0.9064 0.9086 0.9251 0.9238 0.9186 0.9205 0.9138 0.921 0.9269 0.9152 Net Rent (000)

Dallas - 3,123 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0296 0.0258 0.0316 0.022 0.024 0.0278 0.0261 0.0291 0.0312 0.0268 0.0276 0.027 0.0236 Net Rent 1865 1852 1847 1881 1854 1845 1848 1854 1830 1851 1830 1819 1822 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9444 0.9472 0.9422 0.9341 0.9425 0.9487 0.9456 0.9501 0.9412 0.9434 0.9454 0.9415 2000 0.9442 0.9524 0.9611 0.9569 0.9538 0.9458 0.9473 0.9527 0.9553 0.959 0.9508 0.9522 2001 0.9519 0.9457 0.9498 0.9509 0.9458 0.9433 0.949 0.9585 0.9534 0.9475 0.9488 0.947 2002 0.9452 0.9437 0.9381 0.9378 0.9391 0.9336 0.9341 0.9278 0.9194 0.9312 0.9363 0.9441 2003 0.9548 0.9578 0.955 0.9542 0.9537 0.9508 0.9528 0.955 0.9493 0.9451 0.9434 0.9511 2004 0.9617 0.9591 0.9607 0.9588 0.9617 0.962 0.9667 0.9588 0.9559 0.9566 Net Rent (000)

Denver - 1,484 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.144 0.163 0.174 0.175 0.186 0.225 0.225 0.219 0.23 0.225 0.2265 0.2258 0.2304 Net Rent 941 907 900 897 877 892 879 883 881 894 909 887 893 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9295 0.9121 0.9164 0.9067 0.9247 0.9267 0.9452 0.9525 0.9532 0.9486 0.9502 0.9543 2000 0.9395 0.9406 0.9381 0.9424 0.9436 0.9352 0.9255 0.9358 0.9404 0.947 0.9663 0.9749 2001 0.9683 0.9583 0.9558 0.9649 0.9774 0.9686 0.9481 0.9582 0.9503 0.9489 0.8996 0.8768 2002 0.8296 0.8237 0.8219 0.832 0.8801 0.8801 0.8578 0.8418 0.8352 0.8288 0.8354 0.8421 2003 0.8441 0.8583 0.8683 0.8811 0.8878 0.9068 0.9132 0.9094 0.9063 0.8947 0.8991 0.894 2004 0.9181 0.9323 0.937 0.9336 0.9269 0.9262 0.9353 0.9473 0.9398 0.9233 Net Rent (000)

Ft Worth - 2,656 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0238 0.0313 0.0366 0.0215 0.0183 0.0179 0.0242 0.0218 0.0311 0.0301 0.0194 0.0182 0.0228 Net Rent 1591 1574 1590 1584 1592 1571 1555 1544 1533 1547 1573 1565 1559 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9458 0.952 0.9479 0.948 0.9508 0.9576 0.9542 0.9549 0.9555 0.9541 0.956 0.9511 2000 0.9493 0.956 0.9546 0.9599 0.9652 0.9614 0.9608 0.9633 0.963 0.9725 0.9683 0.969 2001 0.9692 0.9688 0.9675 0.9654 0.9669 0.9653 0.9637 0.9674 0.9668 0.9674 0.9616 0.953 2002 0.9492 0.9469 0.953 0.9474 0.9504 0.9457 0.9396 0.9392 0.9333 0.9341 0.9474 0.9545 2003 0.9484 0.9461 0.9487 0.9446 0.9492 0.9487 0.939 0.944 0.9369 0.9396 0.9346 0.939 2004 0.9376 0.9408 0.9319 0.9282 0.9196 0.9171 0.9296 0.9301 0.9345 0.9352 Net Rent (000)

Greensboro - 2,123 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.008 0.007 0.0124 0.0072 0.007 0.0099 0.0072 0.0093 0.0078 0.0168 0.011 0.0062 0.0066 Net Rent 1160 1149 1144 1154 1158 1162 1179 1167 1140 1137 1165 1179 1176 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.8779 0.8742 0.8835 0.9034 0.9013 0.8884 0.874 0.892 0.9102 0.9018 0.9133 0.9141 2000 0.9191 0.9294 0.9315 0.9338 0.9339 0.9255 0.9193 0.9369 0.9249 0.9229 0.9139 0.9059 2001 0.9154 0.9252 0.9196 0.9118 0.9224 0.9022 0.8934 0.9016 0.9175 0.9107 0.8929 0.9003 2002 0.9025 0.9017 0.8983 0.898 0.9111 0.9039 0.8942 0.8902 0.888 0.9068 0.9257 0.9313 2003 0.9367 0.9361 0.9391 0.9426 0.9456 0.9348 0.9329 0.9376 0.9315 0.9282 0.9288 0.9264 2004 0.9276 0.929 0.9318 0.9375 0.9417 0.9211 0.9047 0.9361 0.9432 0.9456 Net Rent (000)

Houston - 5,302 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0286 0.0201 0.0143 0.0177 0.0168 0.0186 0.0206 0.0264 0.026 0.0331 0.0251 0.03 0.0337 Net Rent 3021 3007 3013 2999 2999 3034 3010 2990 2978 2962 2975 2949 2916 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.909 0.8988 0.8958 0.8987 0.9025 0.8999 0.8984 0.8934 0.8921 0.8923 0.8985 0.8957 2000 0.9 0.9232 0.9386 0.9379 0.9341 0.9287 0.9252 0.9357 0.9294 0.9245 0.9315 0.9294 2001 0.9283 0.9324 0.9381 0.9332 0.9339 0.9321 0.9391 0.9472 0.9408 0.9536 0.9513 0.9485 2002 0.9485 0.9531 0.9544 0.9607 0.9592 0.9527 0.9489 0.934 0.9157 0.9112 0.9129 0.901 2003 0.8913 0.896 0.9011 0.9142 0.9217 0.9074 0.9021 0.8966 0.893 0.9037 0.9028 0.8937 2004 0.902 0.9043 0.9093 0.9113 0.9139 0.9082 0.9163 0.9101 0.9078 0.9073 Net Rent (000)

Jacksonville - 1,157 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0121 0.012 0.0187 0.0146 0.0108 0.0076 0.0096 0.0131 0.0154 0.0212 0.0188 0.0201 0.0116 Net Rent 769 756 759 761 749 766 757 768 763 749 754 753 745 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.8788 0.8799 0.8835 0.8995 0.9138 0.906 0.8995 0.9198 0.9246 0.9304 0.921 0.9071 2000 0.9073 0.9103 0.9004 0.9028 0.8958 0.8971 0.8976 0.9054 0.9054 0.9013 0.9004 0.8974 2001 0.8876 0.8952 0.9073 0.9131 0.9186 0.9354 0.943 0.9492 0.9479 0.9514 0.9533 0.944 2002 0.9371 0.9505 0.9473 0.9449 0.951 0.9386 0.9445 0.9529 0.952 0.9526 0.9652 0.9669 2003 0.9685 0.9628 0.9631 0.9608 0.9609 0.9646 0.9545 0.9598 0.9594 0.959 0.9533 0.9453 2004 0.9457 0.9347 0.9371 0.9322 0.9352 0.936 0.939 0.9339 0.9307 0.9108 Net Rent (000)

Metro DC - 1,512 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0053 0.0245 0.0182 0.0105 0.0125 0.0148 0.0213 0.0186 0.0204 0.0116 0.0099 0.0161 0.0306 Net Rent 1526 1468 1489 1494 1512 1542 1512 1499 1522 1582 1584 1548 1483 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9528 0.9589 0.9591 0.9438 0.9431 0.9551 0.9625 0.9691 0.973 0.9793 0.9737 0.9679 2000 0.9657 0.9718 0.9791 0.9803 0.9839 0.9793 0.9737 0.9835 0.9844 0.9831 0.9847 0.9864 2001 0.9881 0.9886 0.9839 0.9849 0.9848 0.9803 0.9758 0.9822 0.976 0.978 0.9715 0.9728 2002 0.9638 0.9604 0.9684 0.9634 0.9674 0.9748 0.9589 0.9539 0.9564 0.9571 0.9527 0.9533 2003 0.9508 0.9568 0.9652 0.9628 0.9602 0.9599 0.959 0.9645 0.9653 0.9563 0.9596 0.9543 2004 0.9692 0.9602 0.9597 0.9574 0.9626 0.9646 0.9718 0.9638 0.9586 0.9476 Net Rent (000)

Monterey (Salinas) - 1,568 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0112 0.0144 0.0377 0.0083 0.01 0.0159 0.0136 0.0065 0.0079 0.006 0.0106 0.0115 0.009 Net Rent 1335 1290 1262 1304 1298 1292 1323 1343 1358 1337 1333 1338 1353 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9231 0.9168 0.9148 0.9216 0.9426 0.9404 0.9324 0.9458 0.9374 0.9241 0.9093 0.8732 2000 0.8693 0.8875 0.9229 0.9481 0.9599 0.9587 0.9559 0.9695 0.9713 0.9733 0.966 0.9565 2001 0.9518 0.9663 0.967 0.9679 0.9688 0.9609 0.9556 0.9533 0.9557 0.9485 0.9324 0.9237 2002 0.9216 0.9146 0.9153 0.9254 0.9176 0.9169 0.908 0.9157 0.9247 0.9401 0.9267 0.921 2003 0.9314 0.9298 0.9175 0.9312 0.9367 0.939 0.9411 0.9373 0.9266 0.9174 0.9038 0.9067 2004 0.9106 0.9039 0.9042 0.9291 0.9305 0.9308 0.9286 0.9243 0.9281 0.9212 Net Rent (000)

Nashville - 2,220 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0295 0.0216 0.0187 0.0211 0.0188 0.0164 0.0135 0.0188 0.012 0.0151 0.0169 0.0124 0.0103 Net Rent 1348 1348 1350 1363 1360 1393 1393 1380.546 1415 1389 1410 1400 1396 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.8397 0.8195 0.832 0.8583 0.8664 0.8763 0.8881 0.9203 0.9224 0.9198 0.9196 0.9149 2000 0.9146 0.9268 0.9357 0.9412 0.9497 0.9601 0.9607 0.9629 0.9486 0.9507 0.9461 0.9319 2001 0.9165 0.9195 0.9304 0.9484 0.9492 0.9409 0.9446 0.965 0.9536 0.9535 0.9463 0.9375 2002 0.9416 0.9377 0.9302 0.9303 0.9264 0.9139 0.9123 0.9073 0.9143 0.9155 0.9243 0.9327 2003 0.937 0.9345 0.9295 0.9377 0.9419 0.9419 0.9245 0.924 0.9253 0.9211 0.9163 0.9167 2004 0.9252 0.9336 0.9464 0.9449 0.9493 0.9473 0.948 0.9537 0.9495 0.9399 Net Rent (000)

Norfolk VA Beach - 1,438 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0017 0.0023 0.0038 0.0055 0.0064 0.0059 0.0087 0.0134 0.0097 0.0154 0.0061 0.0061 0.0105 Net Rent 1066 1036 1090 1057 1069 1071 1083 1073.903 1092 1087 1114 1102 1090 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9285 0.9294 0.9392 0.9447 0.9454 0.9479 0.9495 0.9528 0.9569 0.969 0.9759 0.9755 2000 0.9617 0.9652 0.9624 0.9581 0.9574 0.9649 0.9555 0.9619 0.9629 0.9628 0.9483 0.9377 2001 0.9424 0.9525 0.9591 0.9574 0.9595 0.9541 0.9593 0.9571 0.9541 0.951 0.9525 0.9494 2002 0.9466 0.9649 0.9661 0.9757 0.9837 0.9866 0.9841 0.9828 0.9783 0.9737 0.9682 0.9708 2003 0.9608 0.9484 0.9466 0.9485 0.9543 0.9579 0.9598 0.9656 0.9767 0.9783 0.9788 0.9715 2004 0.965 0.9649 0.967 0.967 0.9708 0.963 0.9655 0.967 0.9651 0.9574 Net Rent (000)

Northern California - 1,894 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0254 0.0398 0.025 0.0283 0.0244 0.025 0.0355 0.0367 0.0286 0.0392 0.0356 0.022 0.0173 Net Rent 2056 2003 2043 2027 2032 2037 2003 2013 2050 2007 2006 2023 2035 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9768 0.9827 0.9792 0.9831 0.9801 0.978 0.9787 0.9828 0.9879 0.9914 0.9857 0.9884 2000 0.9914 0.9936 0.9836 0.9838 0.9837 0.9818 0.981 0.9857 0.991 0.993 0.9919 0.9884 2001 0.9906 0.986 0.9801 0.9727 0.9658 0.9681 0.9772 0.9735 0.9735 0.9728 0.9636 0.9487 2002 0.9436 0.9484 0.9477 0.9627 0.9723 0.957 0.9522 0.9613 0.967 0.9666 0.9506 0.9529 2003 0.9465 0.9455 0.9513 0.9511 0.9522 0.9348 0.9309 0.9382 0.9314 0.9392 0.9464 0.9384 2004 0.9381 0.9391 0.9366 0.9423 0.9485 0.9465 0.9482 0.9504 0.9484 0.9391 Net Rent (000)

Orlando - 4,140 Homes Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9236 0.9233 0.9317 0.943 0.9415 0.9385 0.9402 0.9557 0.946 0.9426 0.936 0.9298 2000 0.9205 0.9225 0.9224 0.9199 0.9262 0.9359 0.9508 0.9529 0.9455 0.9465 0.9427 0.9375 2001 0.9312 0.9256 0.9292 0.9291 0.9364 0.9325 0.9313 0.9368 0.9342 0.9249 0.9193 0.9063 2002 0.9006 0.9087 0.9119 0.9251 0.9318 0.9254 0.926 0.9202 0.9118 0.9107 0.9181 0.9292 2003 0.9316 0.9273 0.9282 0.936 0.9464 0.9413 0.941 0.9395 0.928 0.9257 0.9322 0.9303 2004 0.9251 0.9269 0.936 0.9393 0.9368 0.938 0.9394 0.9505 0.9692 0.9726 Net Rent (000) '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0143 0.021 0.0221 0.0204 0.0175 0.0216 0.0135 0.0153 0.0175 0.0156 0.0194 0.0176 0.0141 Net Rent 2683 2671 2672 2680 2708 2720 2735 2732 2742 2751 2788 2880 2877 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29

Phoenix - 2,779 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.1225 0.109 0.1037 0.1253 0.1319 0.1164 0.1285 0.1391 0.1382 0.128 0.1432 0.1524 0.1472 Net Rent 1708 1708 1731 1698 1704 1729 1725 1720.804 1695 1675 1691 1682 1700 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9171 0.9189 0.9115 0.9024 0.8973 0.8912 0.8842 0.9037 0.9075 0.9007 0.9086 0.9165 2000 0.9296 0.9505 0.9473 0.9381 0.9333 0.9293 0.9289 0.933 0.9256 0.921 0.9146 0.9124 2001 0.9235 0.92 0.921 0.9298 0.931 0.9327 0.935 0.9309 0.9368 0.9343 0.9371 0.9329 2002 0.9345 0.9375 0.9423 0.9348 0.9317 0.9261 0.9217 0.9281 0.9437 0.9447 0.9286 0.9148 2003 0.915 0.9168 0.9214 0.925 0.9246 0.9207 0.9194 0.9158 0.9046 0.9033 0.8945 0.8833 2004 0.9094 0.907 0.9108 0.9228 0.9243 0.9172 0.9093 0.9126 0.9167 0.9258 Net Rent (000)

Portland - 994 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0464 0.0537 0.0955 0.0524 0.0332 0.0415 0.0566 0.0724 0.0834 0.0789 0.097 0.0799 0.0747 Net Rent 632 625 609 630 646 659 650 627 624 621 617 640 641 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.8986 0.9207 0.9271 0.9227 0.9202 0.9127 0.9044 0.902 0.9024 0.9076 0.9181 0.9036 2000 0.9086 0.9171 0.9182 0.9299 0.9406 0.9432 0.9467 0.9527 0.9406 0.9392 0.9225 0.916 2001 0.9167 0.9253 0.9369 0.9401 0.9416 0.9386 0.9429 0.9535 0.9562 0.9531 0.9364 0.9251 2002 0.9211 0.9168 0.9173 0.9046 0.8979 0.9029 0.9054 0.9165 0.9074 0.9408 0.9507 0.9422 2003 0.9272 0.9162 0.916 0.9026 0.9092 0.8896 0.8771 0.8878 0.8886 0.8722 0.8851 0.9054 2004 0.9215 0.9135 0.9079 0.9157 0.9052 0.913 0.9139 0.9037 0.9292 0.9434 Net Rent (000)

Raleigh Durham - 3,663 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0353 0.0465 0.0439 0.0272 0.0191 0.0226 0.0249 0.0353 0.0469 0.049 0.0366 0.0304 0.0291 Net Rent 2195 2154 2175 2180 2210 2195 2197 2183 2144 2141 2161 2175 2216 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9293 0.9234 0.9266 0.9248 0.9227 0.9118 0.9169 0.9412 0.9354 0.9301 0.9219 0.9162 2000 0.9106 0.913 0.9128 0.9183 0.9277 0.9098 0.8879 0.8968 0.8905 0.8808 0.8847 0.8759 2001 0.8655 0.8547 0.8487 0.8633 0.8774 0.8866 0.8755 0.8836 0.8837 0.9009 0.8906 0.8798 2002 0.8656 0.8662 0.8703 0.8729 0.8824 0.8776 0.8868 0.9019 0.9105 0.929 0.9436 0.9443 2003 0.9278 0.9275 0.9343 0.9422 0.9449 0.9272 0.9173 0.9219 0.9327 0.9325 0.9364 0.9324 2004 0.9339 0.9267 0.9245 0.9322 0.9328 0.9278 0.9325 0.9327 0.9334 0.9498 Net Rent (000)

Richmond Petersburg - 1,796 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0395 0.0381 0.0245 0.0257 0.0257 0.0198 0.0226 0.0078 0.0268 0.0149 0.0222 0.0191 0.0208 Net Rent 1211 1175 1196 1201 1223 1239 1235 1246 1231 1243 1259 1226 1228 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9045 0.9087 0.9144 0.9179 0.9313 0.9424 0.9523 0.9648 0.9684 0.9716 0.9723 0.9642 2000 0.9564 0.9573 0.9598 0.9574 0.9568 0.964 0.9696 0.9705 0.972 0.9616 0.9648 0.9556 2001 0.956 0.9574 0.9703 0.9663 0.9644 0.9587 0.9452 0.9374 0.9429 0.9493 0.9636 0.9653 2002 0.9614 0.956 0.9509 0.9562 0.9439 0.9361 0.918 0.9289 0.9472 0.9469 0.945 0.952 2003 0.9513 0.9585 0.9647 0.9562 0.9546 0.9431 0.9341 0.929 0.9216 0.9288 0.9499 0.9338 2004 0.9316 0.9482 0.9442 0.9519 0.9415 0.94 0.9438 0.9439 0.9384 0.9379 Net Rent (000)

Seattle - 1,575 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0396 0.0405 0.0593 0.0456 0.0477 0.0316 0.0493 0.0458 0.0388 0.0426 0.058 0.07 0.0538 Net Rent 1120 1111 1114 1131 1108 1139 1134 1131 1128 1085 1078 1099 1093 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.869 0.879 0.8936 0.8997 0.8933 0.914 0.9371 0.9675 0.9781 0.9749 0.9768 0.9717 2000 0.9542 0.9621 0.961 0.959 0.9666 0.9598 0.9614 0.9586 0.9626 0.9615 0.9542 0.9558 2001 0.9513 0.9646 0.9769 0.963 0.9389 0.9486 0.967 0.949 0.9323 0.9201 0.9319 0.9526 2002 0.9204 0.9295 0.9379 0.9532 0.9686 0.9502 0.9398 0.9184 0.8993 0.8908 0.8941 0.9057 2003 0.9146 0.9076 0.9216 0.9178 0.9387 0.961 0.9599 0.9479 0.9335 0.9344 0.9271 0.9339 2004 0.9408 0.9362 0.9295 0.9458 0.944 0.934 0.9248 0.9162 0.9285 0.927 Net Rent (000)

Southern California - 2,774 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0086 0.0086 0.0123 0.0163 0.014 0.0167 0.0148 0.0149 0.0181 0.0144 0.0174 0.0234 0.011 Net Rent 2850 2852 2882 2833 2880 2901 2863 2903 2900 2912 2932 2952 3008 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9657 0.97 0.9544 0.9406 0.9522 0.9587 0.9444 0.93 0.9246 0.9323 0.9431 0.9416 2000 0.9431 0.9595 0.9607 0.941 0.9419 0.9579 0.9495 0.963 0.9429 0.936 0.9564 0.9683 2001 0.9645 0.9577 0.9626 0.9607 0.9549 0.9511 0.9505 0.9618 0.959 0.9608 0.96 0.9586 2002 0.9463 0.9497 0.9495 0.9446 0.945 0.9313 0.9294 0.9492 0.9666 0.9797 0.9602 0.9628 2003 0.9596 0.9579 0.9522 0.9534 0.9547 0.9564 0.9618 0.9602 0.9516 0.9492 0.9588 0.9564 2004 0.948 0.9468 0.9432 0.9472 0.9435 0.9411 0.9462 0.9443 0.9513 0.9529 Net Rent (000)

Tampa - 3,836 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0417 0.0474 0.0442 0.0394 0.0439 0.0441 0.0366 0.0366 0.0393 0.0351 0.0349 0.0349 0.0303 Net Rent 2496 2492 2517 2529 2545 2567 2597 2581 2591 2316 2642 2636 2662 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.9093 0.9184 0.9324 0.9271 0.9169 0.9155 0.9198 0.9349 0.9334 0.9295 0.9315 0.9242 2000 0.9217 0.9381 0.943 0.9441 0.944 0.9453 0.9466 0.9549 0.96 0.959 0.9554 0.9497 2001 0.9479 0.9458 0.9445 0.9419 0.9455 0.9372 0.9337 0.9424 0.9432 0.9479 0.9322 0.9268 2002 0.9243 0.9302 0.9229 0.9214 0.915 0.9009 0.9023 0.9072 0.9063 0.9092 0.9192 0.929 2003 0.9326 0.9365 0.938 0.9391 0.9414 0.9296 0.9264 0.9335 0.9314 0.9255 0.9309 0.9334 2004 0.9373 0.9404 0.9428 0.9491 0.9472 0.9489 0.954 0.9549 0.9517 0.9487 Net Rent (000)

Wilmington - 1,868 Homes '03 Oct '03 Nov '03 Dec '04 Jan '04 Feb '04 Mar '04 Apr '04 May '04 Jun '04 Jul '04 Aug '04 Sep '04 Oct Concess % of Net Rent 0.0267 0.0434 0.0392 0.0334 0.0341 0.0214 0.019 0.0144 0.0147 0.0138 0.0042 0.0021 0.003 Net Rent 1071 1049 1072 1086 1085 1111 1116 1151 1160 1166 1218 1212 1200 Accounting Days 33 26 35 33 29 29 33 29 29 30 30 32 29 Concessions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1999 0.8554 0.866 0.8669 0.873 0.8797 0.8857 0.8919 0.9298 0.9294 0.9479 0.9305 0.8989 2000 0.8852 0.8723 0.8622 0.8724 0.905 0.9161 0.9153 0.922 0.9072 0.8993 0.8909 0.8871 2001 0.8798 0.8822 0.8826 0.8937 0.9303 0.9452 0.9589 0.9639 0.9517 0.9449 0.9365 0.9428 2002 0.9221 0.9081 0.9173 0.9155 0.9206 0.9035 0.9191 0.9297 0.9093 0.8967 0.9141 0.9158 2003 0.9108 0.9131 0.9105 0.9166 0.92 0.9058 0.9102 0.9234 0.9241 0.9231 0.936 0.9399 2004 0.943 0.938 0.9344 0.945 0.9507 0.9462 0.9609 0.9793 0.9845 0.9762 Net Rent (000)

United Dominion Realty Trust
Rental Income and Fees by Market (Mature Communities)

		Oct-03			Nov-03			Dec-03			Jan-04			Feb-04			Mar-04			Apr-04			May-04			Jun-04			Jul-04			Aug-04			Sep-04			Oct-04
Net Rent
Atlanta GA	1,426		810,600			785,738			810,803			793,462			816,262			797,158			795,581			805,290			817,015			800,604			815,903			812,277			801,926
Austin TX	1,116		632,557			627,973			650,742			651,355			636,739			651,100			648,635			638,200			639,374			653,438			680,228			672,705			662,295
Baltimore	1,470		1,273,842			1,265,405			1,268,225			1,269,400			1,264,359			1,290,140			1,292,500			1,295,201			1,284,359			1,299,316			1,313,916			1,321,308			1,317,569
Charlotte NC	2,034		1,117,828			1,097,862			1,099,071			1,092,666			1,113,958			1,109,778			1,080,350			1,112,511			1,082,669			1,087,287			1,116,215			1,101,553			1,091,651
Columbia SC	1,584		902,552			863,554			885,045			861,904			881,472			855,520			887,148			891,746			903,761			900,360			917,886			892,586			873,839
Columbus OH	2,530		1,645,801			1,598,165			1,573,112			1,547,202			1,549,588			1,580,146			1,570,198			1,574,071			1,570,984			1,523,329			1,524,471			1,565,727			1,547,108
Dallas TX	3,123		1,865,163			1,852,087			1,847,226			1,880,548			1,854,371			1,845,160			1,848,449			1,854,060			1,829,874			1,850,930			1,829,739			1,818,794			1,821,994
Denver, CO	1,484		940,640			907,388			899,529			896,529			877,272			892,067			879,127			882,648			881,266			893,776			908,688			887,228			892,591
Ft Worth TX	2,656		1,591,080			1,574,044			1,589,687			1,583,764			1,592,017			1,571,153			1,555,437			1,544,279			1,533,335			1,547,015			1,572,609			1,565,178			1,558,755
Greensboro NC	2,123		1,160,258			1,148,893			1,144,137			1,154,447			1,157,970			1,162,259			1,178,550			1,166,681			1,139,730			1,137,010			1,165,320			1,178,984			1,175,992
Houston TX	5,302		3,020,675			3,007,166			3,012,646			2,999,237			2,998,921			3,034,341			3,009,526			2,990,120			2,978,108			2,961,615			2,975,261			2,949,239			2,915,698
Jacksonville FL	1,157		768,676			755,609			759,040			761,138			749,116			765,893			756,908			767,573			763,368			749,281			754,426			752,864			745,392
Metro DC	1,512		1,525,510			1,468,312			1,488,622			1,494,118			1,511,767			1,541,988			1,512,132			1,498,692			1,521,771			1,582,375			1,583,839			1,548,184			1,482,534
Monterey (Salinas)	1,568		1,334,671			1,289,874			1,261,974			1,303,537			1,297,767			1,292,495			1,322,930			1,343,244			1,358,249			1,337,030			1,332,526			1,338,437			1,352,513
Nashville TN	2,220		1,347,765			1,348,278			1,350,049			1,362,935			1,360,316			1,392,903			1,392,954			1,380,546			1,415,210			1,389,219			1,409,945			1,399,855			1,395,858
Norfolk Va Beach NN	1,438		1,066,049			1,035,666			1,090,156			1,056,543			1,068,743			1,071,393			1,083,048			1,073,903			1,092,498			1,087,003			1,113,668			1,102,228			1,090,203
Northern California	1,894		2,055,889			2,002,783			2,042,698			2,027,360			2,031,599			2,036,871			2,003,433			2,012,501			2,049,784			2,006,832			2,006,477			2,023,350			2,035,434
Orlando	4,140		2,682,945			2,670,884			2,672,162			2,680,022			2,708,309			2,720,049			2,735,197			2,731,711			2,741,602			2,751,224			2,787,516			2,879,941			2,877,372
Other Florida	1,101		682,739			669,257			670,366			669,751			686,632			689,665			685,543			685,162			666,543			703,889			707,244			719,993			717,938
Other MidAtlantic	1,156		858,916			867,880			862,835			845,000			849,563			868,171			894,347			904,206			896,760			899,361			917,262			935,971			913,175
Other Midwestern	444		283,635			289,328			283,027			283,997			288,069			282,752			289,621			288,199			273,087			262,119			293,683			297,219			291,243
Other North Carolina	1,893		1,095,808			1,092,912			1,084,192			1,093,622			1,127,811			1,124,014			1,136,560			1,130,209			1,121,582			1,126,213			1,132,424			1,145,667			1,122,651
Other Southeastern	798		380,327			380,609			388,605			385,957			381,763			386,307			381,889			385,330			378,407			367,153			373,472			373,480			376,708
Other Southwestern	3,755		2,186,545			2,181,375			2,187,487			2,200,847			2,180,145			2,180,679			2,174,216			2,165,825			2,177,313			2,151,809			2,176,112			2,178,466			2,166,183
Other Virginia	820		716,985			700,539			676,474			656,850			666,698			705,425			683,815			687,865			696,644			705,100			719,995			734,910			741,337
Phoenix, AZ	2,779		1,707,877			1,708,351			1,730,623			1,697,928			1,703,714			1,729,373			1,724,716			1,720,804			1,694,983			1,675,431			1,691,244			1,681,601			1,700,437
Portland, OR	994		632,063			624,571			608,554			630,412			646,308			659,028			649,814			626,515			623,672			620,872			617,452			640,455			641,095
Raleigh Durham	3,663		2,195,178			2,153,680			2,175,415			2,180,481			2,210,473			2,194,855			2,196,505			2,182,700			2,143,929			2,141,376			2,161,036			2,175,260			2,216,146
Richmond Petersburg	1,796		1,211,295			1,175,482			1,195,605			1,201,262			1,223,193			1,238,509			1,235,261			1,245,795			1,230,900			1,242,868			1,258,952			1,226,474			1,228,103
Seattle,WA	1,575		1,120,146			1,110,539			1,113,652			1,131,317			1,107,777			1,138,830			1,134,165			1,131,265			1,127,659			1,085,024			1,078,375			1,098,909			1,093,172
Southern California	2,774		2,850,313			2,851,887			2,882,076			2,832,866			2,879,661			2,900,757			2,863,110			2,903,047			2,899,902			2,912,279			2,932,392			2,951,890			3,008,118
Tampa FL	3,836		2,495,678			2,491,845			2,517,374			2,528,905			2,544,962			2,567,359			2,597,059			2,580,684			2,590,984			2,615,661			2,641,769			2,635,685			2,661,743
Wilmington NC	1,868		1,071,432			1,049,214			1,071,899			1,085,588			1,084,646			1,111,362			1,116,163			1,150,625			1,159,872			1,166,201			1,218,312			1,211,747			1,200,046
Total	68,029		45,231,437			44,647,152			44,893,109			44,840,950			45,051,963			45,387,504			45,314,888			45,351,210			45,285,194			45,233,000			45,728,357			45,818,165			45,716,818
Concessions as a % of Net Rent
Atlanta GA	1,426		2.97	%		4.47	%		2.43	%		2.12	%		1.75	%		1.55	%		4.62	%		2.52	%		2.76	%		2.83	%		1.77	%		1.30	%		1.11	%
Austin TX	1,116		4.25	%		5.76	%		6.03	%		4.48	%		3.97	%		3.59	%		4.55	%		5.44	%		5.14	%		5.52	%		3.87	%		3.01	%		3.11	%
Baltimore	1,470		0.84	%		1.56	%		1.10	%		1.67	%		1.07	%		0.68	%		1.11	%		1.18	%		0.89	%		0.56	%		1.19	%		0.53	%		1.59	%
Charlotte NC	2,034		3.54	%		3.03	%		3.07	%		2.56	%		1.79	%		1.15	%		1.86	%		1.74	%		1.28	%		1.81	%		1.28	%		1.23	%		1.34	%
Columbia SC	1,584		1.74	%		2.44	%		2.52	%		4.16	%		3.46	%		3.99	%		3.56	%		3.70	%		2.52	%		3.10	%		1.50	%		1.36	%		2.14	%
Columbus OH	2,530		0.90	%		1.54	%		2.27	%		2.25	%		2.13	%		3.27	%		3.55	%		2.94	%		3.26	%		4.26	%		6.11	%		3.90	%		3.19	%
Dallas TX	3,123		2.96	%		2.58	%		3.16	%		2.20	%		2.40	%		2.78	%		2.61	%		2.91	%		3.11	%		2.69	%		2.76	%		2.70	%		2.36	%
Denver, CO	1,484		14.44	%		16.30	%		17.35	%		17.52	%		18.55	%		22.49	%		22.49	%		21.88	%		22.98	%		22.56	%		22.65	%		22.58	%		23.04	%
Ft Worth TX	2,656		2.38	%		3.13	%		3.66	%		2.15	%		1.83	%		1.79	%		2.42	%		2.18	%		3.11	%		3.01	%		1.94	%		1.82	%		2.28	%
Greensboro NC	2,123		0.80	%		0.70	%		1.24	%		0.72	%		0.70	%		0.99	%		0.72	%		0.93	%		0.77	%		1.69	%		1.10	%		0.62	%		0.66	%
Houston TX	5,302		2.86	%		2.01	%		1.43	%		1.77	%		1.68	%		1.86	%		2.06	%		2.64	%		2.60	%		3.32	%		2.51	%		3.00	%		3.37	%
Jacksonville FL	1,157		1.21	%		1.20	%		1.87	%		1.46	%		1.08	%		0.76	%		0.96	%		1.31	%		1.53	%		2.13	%		1.88	%		2.01	%		1.16	%
Metro DC	1,512		0.53	%		2.45	%		1.82	%		1.05	%		1.25	%		1.48	%		2.13	%		1.86	%		2.03	%		1.16	%		0.99	%		1.61	%		3.06	%
Monterey (Salinas)	1,568		1.12	%		1.44	%		3.77	%		0.83	%		1.00	%		1.59	%		1.36	%		0.68	%		0.78	%		0.61	%		1.06	%		1.15	%		0.90	%
Nashville TN	2,220		2.95	%		2.16	%		1.87	%		2.11	%		1.88	%		1.64	%		1.35	%		1.88	%		1.19	%		1.52	%		1.69	%		1.24	%		1.03	%
Norfolk Va Beach NN	1,438		0.17	%		0.23	%		0.38	%		0.55	%		0.64	%		0.59	%		0.87	%		1.34	%		0.97	%		1.54	%		0.61	%		0.61	%		1.05	%
Northern California	1,894		2.54	%		3.98	%		2.50	%		2.83	%		2.44	%		2.50	%		3.55	%		3.67	%		2.85	%		3.93	%		3.57	%		2.20	%		1.73	%
Orlando	4,140		1.43	%		2.10	%		2.21	%		2.04	%		1.75	%		2.16	%		1.35	%		1.53	%		1.75	%		1.56	%		1.94	%		1.76	%		1.41	%
Other Florida	1,101		1.42	%		2.00	%		2.54	%		1.74	%		2.01	%		1.76	%		1.80	%		2.10	%		1.72	%		2.11	%		1.34	%		1.76	%		1.71	%
Other MidAtlantic	1,156		1.92	%		2.01	%		2.89	%		1.80	%		2.28	%		1.06	%		1.08	%		0.77	%		0.51	%		0.59	%		0.48	%		0.40	%		0.80	%
Other Midwestern	444		4.77	%		2.55	%		1.45	%		3.37	%		3.57	%		2.89	%		4.75	%		2.32	%		3.38	%		7.10	%		2.86	%		1.99	%		1.73	%
Other North Carolina	1,893		0.42	%		0.45	%		0.50	%		0.29	%		0.53	%		0.50	%		0.55	%		0.62	%		0.52	%		1.73	%		0.74	%		0.46	%		0.58	%
Other Southeastern	798		1.02	%		0.34	%		0.04	%		0.37	%		0.93	%		1.21	%		0.69	%		0.86	%		0.55	%		1.51	%		2.16	%		1.00	%		0.63	%
Other Southwestern	3,755		2.35	%		2.02	%		2.67	%		1.45	%		1.45	%		1.48	%		1.68	%		1.41	%		1.47	%		1.73	%		1.67	%		1.16	%		1.35	%
Other Virginia	820		1.72	%		3.38	%		2.09	%		3.51	%		6.12	%		3.13	%		0.80	%		2.47	%		2.13	%		1.80	%		2.08	%		2.62	%		0.62	%
Phoenix, AZ	2,779		12.25	%		10.90	%		10.37	%		12.53	%		13.19	%		11.64	%		12.85	%		13.93	%		13.76	%		12.85	%		14.32	%		15.24	%		14.72	%
Portland, OR	994		4.64	%		5.37	%		9.55	%		5.24	%		3.32	%		4.15	%		5.66	%		7.24	%		8.29	%		7.94	%		9.70	%		7.99	%		7.47	%
Raleigh Durham	3,663		3.53	%		4.65	%		4.39	%		2.72	%		1.91	%		2.26	%		2.49	%		3.53	%		4.67	%		4.94	%		3.66	%		3.04	%		2.91	%
Richmond Petersburg	1,796		3.95	%		3.81	%		2.45	%		2.57	%		2.57	%		1.98	%		2.26	%		0.78	%		2.68	%		1.49	%		2.22	%		1.91	%		2.08	%
Seattle,WA	1,575		3.96	%		4.05	%		5.93	%		4.56	%		4.77	%		3.16	%		4.93	%		4.58	%		3.88	%		4.26	%		5.80	%		7.00	%		5.38	%
Southern California	2,774		0.86	%		0.86	%		1.23	%		1.63	%		1.40	%		1.67	%		1.48	%		1.49	%		1.81	%		1.44	%		1.74	%		2.34	%		1.05	%
Tampa FL	3,836		4.17	%		4.74	%		4.42	%		3.94	%		4.39	%		4.41	%		3.66	%		3.66	%		3.91	%		3.52	%		3.49	%		3.49	%		3.03	%
Wilmington NC	1,868		2.67	%		4.34	%		3.92	%		3.34	%		3.41	%		2.14	%		1.90	%		1.44	%		1.46	%		1.39	%		0.42	%		0.21	%		0.30	%
Total	68,029		2.87	%		3.19	%		3.26	%		2.92	%		2.86	%		2.86	%		3.04	%		3.10	%		3.20	%		3.31	%		3.20	%		3.03	%		2.89	%

United Dominion Realty Trust
Weekly Occupancy By Market (Mature Communities)

		Jan			Feb			Mar			Apr			May			Jun			Jul			Aug			Sep			Oct			Nov			Dec
Atlanta GA	1999		91.44	%		90.60	%		91.16	%		91.22	%		91.39	%		91.00	%		92.27	%		93.94	%		95.56	%		95.14	%		94.57	%		93.48	%
Atlanta GA	2000		93.30	%		93.77	%		93.69	%		92.97	%		93.65	%		95.16	%		95.34	%		95.71	%		95.04	%		95.27	%		96.42	%		95.04	%
Atlanta GA	2001		93.60	%		94.02	%		94.30	%		93.81	%		93.84	%		93.79	%		93.83	%		93.46	%		92.74	%		93.00	%		91.08	%		91.50	%
Atlanta GA	2002		90.53	%		91.37	%		91.65	%		90.87	%		89.55	%		89.43	%		87.41	%		86.75	%		86.55	%		86.34	%		90.15	%		92.09	%
Atlanta GA	2003		92.55	%		92.08	%		92.13	%		91.53	%		90.90	%		89.94	%		91.08	%		90.62	%		89.74	%		90.49	%		90.25	%		90.81	%
Atlanta GA	2004		90.36	%		90.67	%		90.13	%		90.79	%		92.71	%		93.50	%		93.10	%		92.55	%		92.90	%		91.37	%
Austin TX	1999		95.11	%		96.26	%		94.17	%		91.97	%		91.61	%		90.89	%		91.65	%		94.58	%		96.91	%		98.06	%		96.97	%		97.14	%
Austin TX	2000		95.02	%		94.58	%		95.71	%		96.86	%		96.90	%		95.94	%		95.85	%		96.61	%		96.82	%		97.79	%		97.65	%		97.19	%
Austin TX	2001		97.16	%		96.36	%		91.20	%		85.71	%		80.29	%		76.43	%		72.99	%		73.01	%		72.77	%		76.87	%		81.96	%		83.05	%
Austin TX	2002		85.24	%		86.32	%		86.81	%		86.06	%		89.11	%		88.69	%		92.80	%		92.45	%		89.25	%		86.54	%		83.87	%		82.46	%
Austin TX	2003		80.57	%		80.44	%		81.43	%		84.91	%		85.62	%		82.66	%		82.42	%		84.61	%		85.24	%		86.20	%		89.56	%		91.94	%
Austin TX	2004		92.01	%		90.79	%		90.95	%		92.33	%		91.67	%		91.60	%		94.07	%		96.53	%		96.04	%		94.13	%
Baltimore	1999		95.41	%		95.11	%		96.09	%		96.11	%		95.75	%		96.78	%		96.93	%		98.00	%		98.00	%		97.55	%		98.22	%		97.93	%
Baltimore	2000		96.59	%		97.37	%		97.42	%		97.44	%		97.77	%		98.18	%		98.47	%		98.34	%		98.55	%		99.13	%		98.72	%		98.18	%
Baltimore	2001		97.80	%		97.54	%		98.06	%		97.71	%		98.30	%		96.88	%		96.30	%		96.51	%		95.97	%		96.62	%		97.15	%		96.48	%
Baltimore	2002		97.38	%		96.57	%		96.20	%		96.36	%		96.71	%		95.97	%		95.32	%		94.97	%		94.64	%		95.60	%		96.34	%		95.86	%
Baltimore	2003		96.01	%		96.23	%		96.19	%		95.45	%		95.78	%		95.76	%		95.74	%		95.53	%		95.32	%		95.71	%		96.07	%		95.70	%
Baltimore	2004		96.60	%		97.01	%		96.63	%		97.25	%		96.67	%		96.48	%		96.39	%		95.97	%		97.12	%		96.70	%
Charlotte NC	1999		92.13	%		91.76	%		91.02	%		90.69	%		90.55	%		90.63	%		91.27	%		92.02	%		90.70	%		91.35	%		90.65	%		90.43	%
Charlotte NC	2000		87.56	%		87.30	%		87.71	%		88.24	%		90.93	%		91.28	%		90.81	%		91.48	%		90.80	%		91.11	%		90.79	%		90.93	%
Charlotte NC	2001		89.94	%		90.62	%		91.45	%		91.00	%		89.83	%		88.04	%		87.66	%		86.62	%		86.82	%		88.13	%		88.10	%		88.71	%
Charlotte NC	2002		89.41	%		89.07	%		86.53	%		85.97	%		88.51	%		89.89	%		91.22	%		92.51	%		91.95	%		92.42	%		96.25	%		96.74	%
Charlotte NC	2003		96.86	%		95.68	%		95.30	%		95.88	%		96.16	%		96.21	%		95.35	%		94.31	%		92.93	%		91.82	%		91.34	%		91.62	%
Charlotte NC	2004		90.93	%		92.16	%		91.75	%		91.23	%		91.38	%		90.25	%		91.03	%		93.12	%		92.81	%		92.88	%
Columbia SC	1999		91.46	%		91.67	%		91.25	%		90.77	%		91.11	%		90.28	%		87.78	%		89.81	%		89.84	%		90.28	%		89.80	%		88.10	%
Columbia SC	2000		89.09	%		91.69	%		92.87	%		93.66	%		94.20	%		94.70	%		94.68	%		96.48	%		95.17	%		95.18	%		95.31	%		94.59	%
Columbia SC	2001		94.33	%		94.11	%		94.74	%		93.73	%		93.98	%		93.45	%		93.56	%		96.05	%		96.78	%		96.88	%		95.85	%		95.72	%
Columbia SC	2002		94.23	%		94.38	%		94.35	%		94.31	%		94.93	%		93.72	%		93.88	%		96.69	%		96.37	%		95.38	%		96.32	%		95.68	%
Columbia SC	2003		94.12	%		93.69	%		93.64	%		93.55	%		93.29	%		92.09	%		92.89	%		94.43	%		93.83	%		91.87	%		90.88	%		90.64	%
Columbia SC	2004		91.30	%		91.62	%		92.12	%		92.99	%		94.49	%		94.14	%		93.70	%		94.78	%		92.80	%		92.31	%
Columbus OH	1999		91.89	%		90.99	%		89.18	%		86.82	%		86.21	%		87.44	%		89.26	%		90.73	%		92.80	%		95.01	%		94.83	%		93.76	%
Columbus OH	2000		93.59	%		94.43	%		94.74	%		94.07	%		95.79	%		94.77	%		94.22	%		96.01	%		96.11	%		95.94	%		94.63	%		93.09	%
Columbus OH	2001		91.62	%		91.51	%	��	91.57	%		92.33	%		93.47	%		93.22	%		92.35	%		94.09	%		95.06	%		95.34	%		94.89	%		93.90	%

United Dominion Realty Trust
Weekly Occupancy By Market (Mature Communities)

		Jan			Feb			Mar			Apr			May			Jun			Jul			Aug			Sep			Oct			Nov			Dec
Columbus OH	2002		93.87	%		94.77	%		95.60	%		95.30	%		95.32	%		94.10	%		92.70	%		93.36	%		93.21	%		93.04	%		93.06	%		93.36	%
Columbus OH	2003		93.74	%		93.46	%		92.83	%		93.17	%		93.56	%		93.56	%		93.85	%		94.51	%		95.17	%		94.27	%		92.96	%		91.55	%
Columbus OH	2004		90.64	%		90.86	%		92.51	%		92.38	%		91.86	%		92.05	%		91.38	%		92.10	%		92.69	%		91.52	%
Dallas TX	1999		94.44	%		94.72	%		94.22	%		93.41	%		94.25	%		94.87	%		94.56	%		95.01	%		94.12	%		94.34	%		94.54	%		94.15	%
Dallas TX	2000		94.42	%		95.24	%		96.11	%		95.69	%		95.38	%		94.58	%		94.73	%		95.27	%		95.53	%		95.90	%		95.08	%		95.22	%
Dallas TX	2001		95.19	%		94.57	%		94.98	%		95.09	%		94.58	%		94.33	%		94.90	%		95.85	%		95.34	%		94.75	%		94.88	%		94.70	%
Dallas TX	2002		94.52	%		94.37	%		93.81	%		93.78	%		93.91	%		93.36	%		93.41	%		92.78	%		91.94	%		93.12	%		93.63	%		94.41	%
Dallas TX	2003		95.48	%		95.78	%		95.50	%		95.42	%		95.37	%		95.08	%		95.28	%		95.50	%		94.93	%		94.51	%		94.34	%		95.11	%
Dallas TX	2004		96.17	%		95.91	%		96.07	%		95.88	%		96.17	%		96.20	%		96.67	%		95.88	%		95.59	%		95.66	%
Denver CO	1999		92.95	%		91.21	%		91.64	%		90.67	%		92.47	%		92.67	%		94.52	%		95.25	%		95.32	%		94.86	%		95.02	%		95.43	%
Denver CO	2000		93.95	%		94.06	%		93.81	%		94.24	%		94.36	%		93.52	%		92.55	%		93.58	%		94.04	%		94.70	%		96.63	%		97.49	%
Denver CO	2001		96.83	%		95.83	%		95.58	%		96.49	%		97.74	%		96.86	%		94.81	%		95.82	%		95.03	%		94.89	%		89.96	%		87.68	%
Denver CO	2002		82.96	%		82.37	%		82.19	%		83.20	%		88.01	%		88.01	%		85.78	%		84.18	%		83.52	%		82.88	%		83.54	%		84.21	%
Denver CO	2003		84.41	%		85.83	%		86.83	%		88.11	%		88.78	%		90.68	%		91.32	%		90.94	%		90.63	%		89.47	%		89.91	%		89.40	%
Denver CO	2004		91.81	%		93.23	%		93.70	%		93.36	%		92.69	%		92.62	%		93.53	%		94.73	%		93.98	%		92.33	%
Mid-Cities TX	1999		94.58	%		95.20	%		94.79	%		94.80	%		95.08	%		95.76	%		95.42	%		95.49	%		95.55	%		95.41	%		95.60	%		95.11	%
Mid-Cities TX	2000		94.93	%		95.60	%		95.46	%		95.99	%		96.52	%		96.14	%		96.08	%		96.33	%		96.30	%		97.25	%		96.83	%		96.90	%
Mid-Cities TX	2001		96.92	%		96.88	%		96.75	%		96.54	%		96.69	%		96.53	%		96.37	%		96.74	%		96.68	%		96.74	%		96.16	%		95.30	%
Mid-Cities TX	2002		94.92	%		94.69	%		95.30	%		94.74	%		95.04	%		94.57	%		93.96	%		93.92	%		93.33	%		93.41	%		94.74	%		95.45	%
Mid-Cities TX	2003		94.84	%		94.61	%		94.87	%		94.46	%		94.92	%		94.87	%		93.90	%		94.40	%		93.69	%		93.96	%		93.46	%		93.90	%
Mid-Cities TX	2004		93.76	%		94.08	%		93.19	%		92.82	%		91.96	%		91.71	%		92.96	%		93.01	%		93.45	%		93.52	%
Greensboro NC	1999		87.79	%		87.42	%		88.35	%		90.34	%		90.13	%		88.84	%		87.40	%		89.20	%		91.02	%		90.18	%		91.33	%		91.41	%
Greensboro NC	2000		91.91	%		92.94	%		93.15	%		93.38	%		93.39	%		92.55	%		91.93	%		93.69	%		92.49	%		92.29	%		91.39	%		90.59	%
Greensboro NC	2001		91.54	%		92.52	%		91.96	%		91.18	%		92.24	%		90.22	%		89.34	%		90.16	%		91.75	%		91.07	%		89.29	%		90.03	%
Greensboro NC	2002		90.25	%		90.17	%		89.83	%		89.80	%		91.11	%		90.39	%		89.42	%		89.02	%		88.80	%		90.68	%		92.57	%		93.13	%
Greensboro NC	2003		93.67	%		93.61	%		93.91	%		94.26	%		94.56	%		93.48	%		93.29	%		93.76	%		93.15	%		92.82	%		92.88	%		92.64	%
Greensboro NC	2004		92.76	%		92.90	%		93.18	%		93.75	%		94.17	%		92.11	%		90.47	%		93.61	%		94.32	%		94.56	%
Houston TX	1999		90.90	%		89.88	%		89.58	%		89.87	%		90.25	%		89.99	%		89.84	%		89.34	%		89.21	%		89.23	%		89.85	%		89.57	%
Houston TX	2000		90.00	%		92.32	%		93.86	%		93.79	%		93.41	%		92.87	%		92.52	%		93.57	%		92.94	%		92.45	%		93.15	%		92.94	%
Houston TX	2001		92.83	%		93.24	%		93.81	%		93.32	%		93.39	%		93.21	%		93.91	%		94.72	%		94.08	%		95.36	%		95.13	%		94.85	%
Houston TX	2002		94.85	%		95.31	%		95.44	%		96.07	%		95.92	%		95.27	%		94.89	%		93.40	%		91.57	%		91.12	%		91.29	%		90.10	%
Houston TX	2003		89.13	%		89.60	%		90.11	%		91.42	%		92.17	%		90.74	%		90.21	%		89.66	%		89.30	%		90.37	%		90.28	%		89.37	%
Houston TX	2004		90.20	%		90.43	%		90.93	%		91.13	%		91.39	%		90.82	%		91.63	%		91.01	%		90.78	%		90.73	%

United Dominion Realty Trust
Weekly Occupancy By Market (Mature Communities)

		Jan			Feb			Mar			Apr			May			Jun			Jul			Aug			Sep			Oct			Nov			Dec
Jacksonville FL	1999		87.88	%		87.99	%		88.35	%		89.95	%		91.38	%		90.60	%		89.95	%		91.98	%		92.46	%		93.04	%		92.10	%		90.71	%
Jacksonville FL	2000		90.73	%		91.03	%		90.04	%		90.28	%		89.58	%		89.71	%		89.76	%		90.54	%		90.54	%		90.13	%		90.04	%		89.74	%
Jacksonville FL	2001		88.76	%		89.52	%		90.73	%		91.31	%		91.86	%		93.54	%		94.30	%		94.92	%		94.79	%		95.14	%		95.33	%		94.40	%
Jacksonville FL	2002		93.71	%		95.05	%		94.73	%		94.49	%		95.10	%		93.86	%		94.45	%		95.29	%		95.20	%		95.26	%		96.52	%		96.69	%
Jacksonville FL	2003		96.85	%		96.28	%		96.31	%		96.08	%		96.09	%		96.46	%		95.45	%		95.98	%		95.94	%		95.90	%		95.33	%		94.53	%
Jacksonville FL	2004		94.57	%		93.47	%		93.71	%		93.22	%		93.52	%		93.60	%		93.90	%		93.39	%		93.07	%		91.08	%
Metro DC	1999		95.28	%		95.89	%		95.91	%		94.38	%		94.31	%		95.51	%		96.25	%		96.91	%		97.30	%		97.93	%		97.37	%		96.79	%
Metro DC	2000		96.57	%		97.18	%		97.91	%		98.03	%		98.39	%		97.93	%		97.37	%		98.35	%		98.44	%		98.31	%		98.47	%		98.64	%
Metro DC	2001		98.81	%		98.86	%		98.39	%		98.49	%		98.48	%		98.03	%		97.58	%		98.22	%		97.60	%		97.80	%		97.15	%		97.28	%
Metro DC	2002		96.38	%		96.04	%		96.84	%		96.34	%		96.74	%		97.48	%		95.89	%		95.39	%		95.64	%		95.71	%		95.27	%		95.33	%
Metro DC	2003		95.08	%		95.68	%		96.52	%		96.28	%		96.02	%		95.99	%		95.90	%		96.45	%		96.53	%		95.63	%		95.96	%		95.43	%
Metro DC	2004		96.92	%		96.02	%		95.97	%		95.74	%		96.26	%		96.46	%		97.18	%		96.38	%		95.86	%		94.76	%
Monterey (Salinas)	1999		92.31	%		91.68	%		91.48	%		92.16	%		94.26	%		94.04	%		93.24	%		94.58	%		93.74	%		92.41	%		90.93	%		87.32	%
Monterey (Salinas)	2000		86.93	%		88.75	%		92.29	%		94.81	%		95.99	%		95.87	%		95.59	%		96.95	%		97.13	%		97.33	%		96.60	%		95.65	%
Monterey (Salinas)	2001		95.18	%		96.63	%		96.70	%		96.79	%		96.88	%		96.09	%		95.56	%		95.33	%		95.57	%		94.85	%		93.24	%		92.37	%
Monterey (Salinas)	2002		92.16	%		91.46	%		91.53	%		92.54	%		91.76	%		91.69	%		90.80	%		91.57	%		92.47	%		94.01	%		92.67	%		92.10	%
Monterey (Salinas)	2003		93.14	%		92.98	%		91.75	%		93.12	%		93.67	%		93.90	%		94.11	%		93.73	%		92.66	%		91.74	%		90.38	%		90.67	%
Monterey (Salinas)	2004		91.06	%		90.39	%		90.42	%		92.91	%		93.05	%		93.08	%		92.86	%		92.43	%		92.81	%		92.12	%
Nashville TN	1999		83.97	%		81.95	%		83.20	%		85.83	%		86.64	%		87.63	%		88.81	%		92.03	%		92.24	%		91.98	%		91.96	%		91.49	%
Nashville TN	2000		91.46	%		92.68	%		93.57	%		94.12	%		94.97	%		96.01	%		96.07	%		96.29	%		94.86	%		95.07	%		94.61	%		93.19	%
Nashville TN	2001		91.65	%		91.95	%		93.04	%		94.84	%		94.92	%		94.09	%		94.46	%		96.50	%		95.36	%		95.35	%		94.63	%		93.75	%
Nashville TN	2002		94.16	%		93.77	%		93.02	%		93.03	%		92.64	%		91.39	%		91.23	%		90.73	%		91.43	%		91.55	%		92.43	%		93.27	%
Nashville TN	2003		93.70	%		93.45	%		92.95	%		93.77	%		94.19	%		94.19	%		92.45	%		92.40	%		92.53	%		92.11	%		91.63	%		91.67	%
Nashville TN	2004		92.52	%		93.36	%		94.64	%		94.49	%		94.93	%		94.73	%		94.80	%		95.37	%		94.95	%		93.99	%
Norfolk Va Beach NN	1999		92.85	%		92.94	%		93.92	%		94.47	%		94.54	%		94.79	%		94.95	%		95.28	%		95.69	%		96.90	%		97.59	%		97.55	%
Norfolk Va Beach NN	2000		96.17	%		96.52	%		96.24	%		95.81	%		95.74	%		96.49	%		95.55	%		96.19	%		96.29	%		96.28	%		94.83	%		93.77	%
Norfolk Va Beach NN	2001		94.24	%		95.25	%		95.91	%		95.74	%		95.95	%		95.41	%		95.93	%		95.71	%		95.41	%		95.10	%		95.25	%		94.94	%
Norfolk Va Beach NN	2002		94.66	%		96.49	%		96.61	%		97.57	%		98.37	%		98.66	%		98.41	%		98.28	%		97.83	%		97.37	%		96.82	%		97.08	%
Norfolk Va Beach NN	2003		96.08	%		94.84	%		94.66	%		94.85	%		95.43	%		95.79	%		95.98	%		96.56	%		97.67	%		97.83	%		97.88	%		97.15	%
Norfolk Va Beach NN	2004		96.50	%		96.49	%		96.70	%		96.70	%		97.08	%		96.30	%		96.55	%		96.70	%		96.51	%		95.74	%
Northern California	1999		97.68	%		98.27	%		97.92	%		98.31	%		98.01	%		97.80	%		97.87	%		98.28	%		98.79	%		99.14	%		98.57	%		98.84	%
Northern California	2000		99.14	%		99.36	%		98.36	%		98.38	%		98.37	%		98.18	%		98.10	%		98.57	%		99.10	%		99.30	%		99.19	%		98.84	%

United Dominion Realty Trust
Weekly Occupancy By Market (Mature Communities)

		Jan			Feb			Mar			Apr			May			Jun			Jul			Aug			Sep			Oct			Nov			Dec
Northern California	2001		99.06	%		98.60	%		98.01	%		97.27	%		96.58	%		96.81	%		97.72	%		97.35	%		97.35	%		97.28	%		96.36	%		94.87	%
Northern California	2002		94.36	%		94.84	%		94.77	%		96.27	%		97.23	%		95.70	%		95.22	%		96.13	%		96.70	%		96.66	%		95.06	%		95.29	%
Northern California	2003		94.65	%		94.55	%		95.13	%		95.11	%		95.22	%		93.48	%		93.09	%		93.82	%		93.14	%		93.92	%		94.64	%		93.84	%
Northern California	2004		93.81	%		93.91	%		93.66	%		94.23	%		94.85	%		94.65	%		94.82	%		95.04	%		94.84	%		93.91	%
Orlando	1999		92.36	%		92.33	%		93.17	%		94.30	%		94.15	%		93.85	%		94.02	%		95.57	%		94.60	%		94.26	%		93.60	%		92.98	%
Orlando	2000		92.05	%		92.25	%		92.24	%		91.99	%		92.62	%		93.59	%		95.08	%		95.29	%		94.55	%		94.65	%		94.27	%		93.75	%
Orlando	2001		93.12	%		92.56	%		92.92	%		92.91	%		93.64	%		93.25	%		93.13	%		93.68	%		93.42	%		92.49	%		91.93	%		90.63	%
Orlando	2002		90.06	%		90.87	%		91.19	%		92.51	%		93.18	%		92.54	%		92.60	%		92.02	%		91.18	%		91.07	%		91.81	%		92.92	%
Orlando	2003		93.16	%		92.73	%		92.82	%		93.60	%		94.64	%		94.13	%		94.10	%		93.95	%		92.80	%		92.57	%		93.22	%		93.03	%
Orlando	2004		92.51	%		92.69	%		93.60	%		93.93	%		93.68	%		93.80	%		93.94	%		95.05	%		96.92	%		97.26	%
Other Florida	1999		93.45	%		91.96	%		91.09	%		88.15	%		89.75	%		88.19	%		88.90	%		90.98	%		92.73	%		93.51	%		95.03	%		94.95	%
Other Florida	2000		94.22	%		95.22	%		96.03	%		95.07	%		93.47	%		91.88	%		91.31	%		92.50	%		93.36	%		92.46	%		90.08	%		88.23	%
Other Florida	2001		89.00	%		90.25	%		90.99	%		89.78	%		88.68	%		87.81	%		88.48	%		90.31	%		91.96	%		92.07	%		93.23	%		93.25	%
Other Florida	2002		93.93	%		95.14	%		95.05	%		94.07	%		93.60	%		92.84	%		93.78	%		93.19	%		92.77	%		93.32	%		94.99	%		95.27	%
Other Florida	2003		95.66	%		95.77	%		95.64	%		94.97	%		94.22	%		92.79	%		92.55	%		94.15	%		94.12	%		93.84	%		93.21	%		92.99	%
Other Florida	2004		91.97	%		94.05	%		95.14	%		94.21	%		94.10	%		93.07	%		94.13	%		95.10	%		96.69	%		97.16	%
Other MidAtlantic	1999		97.47	%		97.40	%		96.57	%		96.28	%		96.28	%		95.61	%		95.13	%		96.18	%		97.64	%		96.86	%		95.57	%		94.29	%
Other MidAtlantic	2000		93.62	%		94.97	%		95.22	%		95.61	%		97.25	%		97.88	%		97.38	%		97.65	%		97.21	%		96.35	%		96.04	%		93.73	%
Other MidAtlantic	2001		94.24	%		95.35	%		96.22	%		97.04	%		97.96	%		97.19	%		97.06	%		95.80	%		97.08	%		97.32	%		97.47	%		97.95	%
Other MidAtlantic	2002		97.27	%		96.52	%		97.36	%		97.37	%		97.88	%		97.17	%		97.32	%		97.69	%		96.69	%		96.63	%		96.84	%		96.37	%
Other MidAtlantic	2003		96.26	%		96.39	%		96.78	%		95.87	%		95.96	%		95.22	%		93.74	%		94.90	%		94.25	%		92.91	%		94.64	%		94.29	%
Other MidAtlantic	2004		92.82	%		92.97	%		92.65	%		94.19	%		95.52	%		95.29	%		94.72	%		95.05	%		94.81	%		93.45	%
Other Midwestern	1999		92.39	%		93.05	%		93.35	%		93.46	%		94.14	%		93.93	%		93.94	%		95.42	%		96.35	%		95.30	%		95.14	%		94.82	%
Other Midwestern	2000		94.54	%		95.25	%		95.91	%		94.76	%		96.25	%		96.00	%		95.50	%		95.63	%		95.32	%		94.45	%		93.36	%		92.92	%
Other Midwestern	2001		93.48	%		92.98	%		92.64	%		92.16	%		93.36	%		95.45	%		94.87	%		95.44	%		94.27	%		94.44	%		94.27	%		94.17	%
Other Midwestern	2002		93.62	%		93.67	%		94.11	%		94.48	%		94.87	%		93.49	%		93.67	%		93.42	%		94.30	%		95.84	%		94.73	%		94.54	%
Other Midwestern	2003		94.68	%		95.39	%		94.55	%		95.39	%		95.27	%		92.72	%		91.29	%		91.38	%		91.89	%		92.51	%		92.43	%		92.26	%
Other Midwestern	2004		94.41	%		92.40	%		93.36	%		95.45	%		94.26	%		92.85	%		92.48	%		95.05	%		93.51	%		93.36	%
Other North Carolina	1999		90.93	%		90.32	%		91.52	%		92.53	%		92.14	%		92.50	%		92.71	%		94.12	%		94.66	%		96.01	%		95.78	%		93.45	%
Other North Carolina	2000		92.87	%		93.89	%		94.15	%		94.41	%		95.15	%		93.89	%		93.86	%		94.00	%		94.22	%		94.75	%		95.03	%		94.45	%
Other North Carolina	2001		94.06	%		94.70	%		95.09	%		95.25	%		95.72	%		94.82	%		94.19	%		95.24	%		95.15	%		96.13	%		95.51	%		95.11	%
Other North Carolina	2002		93.75	%		95.14	%		94.90	%		95.65	%		97.32	%		97.20	%		96.15	%		95.81	%		94.93	%		94.03	%		93.98	%		93.89	%
Other North Carolina	2003		93.90	%		92.86	%		91.60	%		91.47	%		93.61	%		95.06	%		96.33	%		96.92	%		96.50	%		96.24	%		96.17	%		95.76	%

United Dominion Realty Trust
Weekly Occupancy By Market (Mature Communities)

		Jan			Feb			Mar			Apr			May			Jun			Jul			Aug			Sep			Oct			Nov			Dec
Other North Carolina	2004		95.87	%		96.28	%		96.35	%		96.87	%		96.24	%		95.55	%		96.02	%		95.95	%		95.88	%		95.88	%
Other Southeastern	1999		91.59	%		91.88	%		92.55	%		92.90	%		93.54	%		93.86	%		92.49	%		92.83	%		92.84	%		92.86	%		93.74	%		92.47	%
Other Southeastern	2000		91.97	%		92.84	%		94.71	%		94.28	%		94.45	%		93.45	%		94.01	%		95.80	%		95.10	%		93.26	%		91.73	%		91.91	%
Other Southeastern	2001		92.12	%		92.06	%		92.41	%		93.78	%		94.32	%		94.10	%		92.61	%		93.63	%		93.65	%		92.04	%		90.08	%		89.65	%
Other Southeastern	2002		88.02	%		88.90	%		90.23	%		92.28	%		92.86	%		91.77	%		91.00	%		90.57	%		89.74	%		88.31	%		87.95	%		88.11	%
Other Southeastern	2003		88.98	%		90.21	%		90.82	%		90.96	%		91.18	%		90.51	%		90.34	%		89.72	%		90.82	%		91.29	%		92.38	%		92.66	%
Other Southeastern	2004		93.51	%		95.08	%		95.99	%		95.71	%		94.86	%		94.33	%		93.81	%		94.42	%		93.56	%		92.92	%
Other Southwestern	1999		92.86	%		94.12	%		93.02	%		93.24	%		92.62	%		92.64	%		92.58	%		94.84	%		96.28	%		96.56	%		96.34	%		96.11	%
Other Southwestern	2000		94.57	%		94.27	%		95.37	%		96.85	%		97.63	%		97.15	%		96.20	%		97.48	%		97.82	%		98.06	%		97.51	%		96.63	%
Other Southwestern	2001		97.61	%		97.30	%		94.66	%		90.80	%		87.56	%		84.70	%		82.58	%		81.62	%		81.07	%		83.95	%		86.74	%		87.65	%
Other Southwestern	2002		89.55	%		90.48	%		90.67	%		89.64	%		91.83	%		91.46	%		94.15	%		93.98	%		92.12	%		90.34	%		88.51	%		87.59	%
Other Southwestern	2003		86.19	%		86.04	%		86.95	%		89.19	%		89.43	%		87.32	%		87.27	%		88.81	%		89.34	%		89.94	%		92.25	%		93.83	%
Other Southwestern	2004		93.70	%		93.12	%		93.37	%		93.89	%		92.77	%		93.25	%		93.70	%		93.97	%		93.76	%		93.64	%
Other Virginia	1999		92.75	%		93.64	%		93.43	%		91.86	%		93.50	%		94.83	%		96.00	%		96.71	%		96.75	%		97.25	%		96.63	%		95.29	%
Other Virginia	2000		94.71	%		95.29	%		95.75	%		97.18	%		98.29	%		97.46	%		96.61	%		98.14	%		98.29	%		97.89	%		96.96	%		96.14	%
Other Virginia	2001		95.63	%		96.89	%		96.75	%		98.14	%		97.74	%		97.25	%		97.06	%		97.99	%		97.65	%		97.51	%		97.77	%		97.56	%
Other Virginia	2002		97.34	%		96.68	%		96.68	%		96.29	%		95.43	%		96.31	%		97.00	%		97.01	%		97.10	%		97.17	%		96.25	%		95.37	%
Other Virginia	2003		95.37	%		94.82	%		95.64	%		95.51	%		94.60	%		95.76	%		95.29	%		95.27	%		94.88	%		94.12	%		94.60	%		92.13	%
Other Virginia	2004		90.37	%		91.98	%		93.02	%		91.78	%		91.10	%		91.86	%		92.90	%		93.54	%		94.20	%		93.72	%
Phoenix, AZ	1999		91.71	%		91.89	%		91.15	%		90.24	%		89.73	%		89.12	%		88.42	%		90.37	%		90.75	%		90.07	%		90.86	%		91.65	%
Phoenix, AZ	2000		92.96	%		95.05	%		94.73	%		93.81	%		93.33	%		92.93	%		92.89	%		93.30	%		92.56	%		92.10	%		91.46	%		91.24	%
Phoenix, AZ	2001		92.35	%		92.00	%		92.10	%		92.98	%		93.10	%		93.27	%		93.50	%		93.09	%		93.68	%		93.43	%		93.71	%		93.29	%
Phoenix, AZ	2002		93.45	%		93.75	%		94.23	%		93.48	%		93.17	%		92.61	%		92.17	%		92.81	%		94.37	%		94.47	%		92.86	%		91.48	%
Phoenix, AZ	2003		91.50	%		91.68	%		92.14	%		92.50	%		92.46	%		92.07	%		91.94	%		91.58	%		90.46	%		90.33	%		89.45	%		88.33	%
Phoenix, AZ	2004		90.94	%		90.70	%		91.08	%		92.28	%		92.43	%		91.72	%		90.93	%		91.26	%		91.67	%		92.58	%
Portland OR	1999		89.86	%		92.07	%		92.71	%		92.27	%		92.02	%		91.27	%		90.44	%		90.20	%		90.24	%		90.76	%		91.81	%		90.36	%
Portland OR	2000		90.86	%		91.71	%		91.82	%		92.99	%		94.06	%		94.32	%		94.67	%		95.27	%		94.06	%		93.92	%		92.25	%		91.60	%
Portland OR	2001		91.67	%		92.53	%		93.69	%		94.01	%		94.16	%		93.86	%		94.29	%		95.35	%		95.62	%		95.31	%		93.64	%		92.51	%
Portland OR	2002		92.11	%		91.68	%		91.73	%		90.46	%		89.79	%		90.29	%		90.54	%		91.65	%		90.74	%		94.08	%		95.07	%		94.22	%
Portland OR	2003		92.72	%		91.62	%		91.60	%		90.26	%		90.92	%		88.96	%		87.71	%		88.78	%		88.86	%		87.22	%		88.51	%		90.54	%
Portland OR	2004		92.15	%		91.35	%		90.79	%		91.57	%		90.52	%		91.30	%		91.39	%		90.37	%		92.92	%		94.34	%
Raleigh Durham	1999		92.93	%		92.34	%		92.66	%		92.48	%		92.27	%		91.18	%		91.69	%		94.12	%		93.54	%		93.01	%		92.19	%		91.62	%

United Dominion Realty Trust
Weekly Occupancy By Market (Mature Communities)

		Jan			Feb			Mar			Apr			May			Jun			Jul			Aug			Sep			Oct			Nov			Dec
Raleigh Durham	2000		91.06	%		91.30	%		91.28	%		91.83	%		92.77	%		90.98	%		88.79	%		89.68	%		89.05	%		88.08	%		88.47	%		87.59	%
Raleigh Durham	2001		86.55	%		85.47	%		84.87	%		86.33	%		87.74	%		88.66	%		87.55	%		88.36	%		88.37	%		90.09	%		89.06	%		87.98	%
Raleigh Durham	2002		86.56	%		86.62	%		87.03	%		87.29	%		88.24	%		87.76	%		88.68	%		90.19	%		91.05	%		92.90	%		94.36	%		94.43	%
Raleigh Durham	2003		92.78	%		92.75	%		93.43	%		94.22	%		94.49	%		92.72	%		91.73	%		92.19	%		93.27	%		93.25	%		93.64	%		93.24	%
Raleigh Durham	2004		93.39	%		92.67	%		92.45	%		93.22	%		93.28	%		92.78	%		93.25	%		93.27	%		93.34	%		94.98	%
Richmond Petersburg	1999		90.45	%		90.87	%		91.44	%		91.79	%		93.13	%		94.24	%		95.23	%		96.48	%		96.84	%		97.16	%		97.23	%		96.42	%
Richmond Petersburg	2000		95.64	%		95.73	%		95.98	%		95.74	%		95.68	%		96.40	%		96.96	%		97.05	%		97.20	%		96.16	%		96.48	%		95.56	%
Richmond Petersburg	2001		95.60	%		95.74	%		97.03	%		96.63	%		96.44	%		95.87	%		94.52	%		93.74	%		94.29	%		94.93	%		96.36	%		96.53	%
Richmond Petersburg	2002		96.14	%		95.60	%		95.09	%		95.62	%		94.39	%		93.61	%		91.80	%		92.89	%		94.72	%		94.69	%		94.50	%		95.20	%
Richmond Petersburg	2003		95.13	%		95.85	%		96.47	%		95.62	%		95.46	%		94.31	%		93.41	%		92.90	%		92.16	%		92.88	%		94.99	%		93.38	%
Richmond Petersburg	2004		93.16	%		94.82	%		94.42	%		95.19	%		94.15	%		94.00	%		94.38	%		94.39	%		93.84	%		93.79	%
Seattle,WA	1999		87.75	%		88.73	%		89.92	%		90.82	%		90.32	%		92.35	%		93.45	%		95.92	%		97.78	%		97.18	%		97.24	%		96.17	%
Seattle,WA	2000		93.92	%		95.06	%		95.00	%		94.94	%		95.72	%		94.84	%		95.60	%		95.70	%		96.31	%		96.05	%		94.89	%		94.99	%
Seattle,WA	2001		94.82	%		96.17	%		96.40	%		96.74	%		94.97	%		95.06	%		96.26	%		95.06	%		93.73	%		93.26	%		93.71	%		94.61	%
Seattle,WA	2002		92.75	%		93.07	%		93.76	%		94.38	%		95.36	%		89.10	%		91.46	%		90.94	%		89.21	%		89.27	%		90.30	%		90.52	%
Seattle,WA	2003		91.11	%		90.32	%		91.92	%		92.11	%		92.87	%		93.57	%		93.26	%		92.78	%		92.37	%		93.46	%		92.44	%		93.02	%
Seattle,WA	2004		94.08	%		93.62	%		92.95	%		94.58	%		94.40	%		93.40	%		92.48	%		91.62	%		92.85	%		92.70	%
Southern California	1999		96.57	%		97.00	%		95.44	%		94.06	%		95.22	%		95.87	%		94.44	%		93.00	%		92.46	%		93.23	%		94.31	%		94.16	%
Southern California	2000		94.31	%		95.95	%		96.07	%		94.10	%		94.19	%		95.79	%		94.95	%		96.30	%		94.29	%		93.60	%		95.64	%		96.83	%
Southern California	2001		96.45	%		95.77	%		96.26	%		96.07	%		95.49	%		95.11	%		95.05	%		96.18	%		95.90	%		96.08	%		96.00	%		95.86	%
Southern California	2002		94.63	%		94.97	%		94.95	%		94.46	%		94.50	%		93.13	%		92.94	%		94.92	%		96.66	%		97.97	%		96.02	%		96.28	%
Southern California	2003		95.96	%		95.79	%		95.22	%		95.34	%		95.47	%		95.64	%		96.18	%		96.02	%		95.16	%		94.92	%		95.88	%		95.64	%
Southern California	2004		94.80	%		94.68	%		94.32	%		94.72	%		94.35	%		94.11	%		94.62	%		94.43	%		95.13	%		95.29	%
Tampa FL	1999		90.93	%		91.84	%		93.24	%		92.71	%		91.69	%		91.55	%		91.98	%		93.49	%		93.34	%		92.95	%		93.15	%		92.42	%
Tampa FL	2000		92.17	%		93.81	%		94.30	%		94.41	%		94.40	%		94.53	%		94.66	%		95.49	%		96.00	%		95.90	%		95.54	%		94.97	%
Tampa FL	2001		94.79	%		94.58	%		94.45	%		94.19	%		94.55	%		93.72	%		93.37	%		94.24	%		94.32	%		94.79	%		93.22	%		92.68	%
Tampa FL	2002		92.43	%		93.02	%		92.29	%		92.14	%		91.50	%		90.09	%		90.23	%		90.72	%		90.63	%		90.92	%		91.92	%		92.90	%
Tampa FL	2003		93.26	%		93.65	%		93.80	%		93.91	%		94.14	%		92.96	%		92.64	%		93.35	%		93.14	%		92.55	%		93.09	%		93.34	%
Tampa FL	2004		93.73	%		94.04	%		94.28	%		94.91	%		94.72	%		94.89	%		95.40	%		95.49	%		95.17	%		94.87	%
Wilmington NC	1999		85.54	%		86.60	%		86.69	%		87.30	%		87.97	%		88.57	%		89.19	%		92.98	%		92.94	%		94.79	%		93.05	%		89.89	%
Wilmington NC	2000		88.52	%		87.23	%		86.22	%		87.24	%		90.50	%		91.61	%		91.53	%		92.20	%		90.72	%		89.93	%		89.09	%		88.71	%
Wilmington NC	2001		87.98	%		88.22	%		88.26	%		89.37	%		93.03	%		94.52	%		95.89	%		96.39	%		95.17	%		94.49	%		93.65	%		94.28	%
Wilmington NC	2002		92.21	%		90.81	%		91.73	%		91.55	%		92.06	%		90.35	%		91.91	%		92.97	%		90.93	%		89.67	%		91.41	%		91.58	%

United Dominion Realty Trust
Weekly Occupancy By Market (Mature Communities)

		Jan			Feb			Mar			Apr			May			Jun			Jul			Aug			Sep			Oct			Nov			Dec
Wilmington NC	2003		91.08	%		91.31	%		91.05	%		91.66	%		92.00	%		90.58	%		91.02	%		92.34	%		92.41	%		92.31	%		93.60	%		93.99	%
Wilmington NC	2004		94.30	%		93.80	%		93.44	%		94.50	%		95.07	%		94.62	%		96.09	%		97.93	%		98.45	%		97.62	%
Total Mature	1999		91.79	%		91.67	%		91.73	%		91.74	%		91.89	%		91.65	%		91.78	%		93.29	%		93.55	%		93.64	%		93.62	%		92.95	%
Total Mature	2000		92.64	%		93.51	%		93.92	%		93.98	%		94.35	%		93.97	%		93.84	%		94.71	%		94.56	%		94.39	%		94.05	%		93.53	%
Total Mature	2001		93.31	%		93.38	%		93.62	%		93.67	%		93.81	%		93.28	%		93.13	%		93.74	%		93.90	%		94.12	%		93.78	%		93.43	%
Total Mature	2002		93.02	%		93.21	%		93.19	%		93.28	%		93.53	%		92.73	%		92.57	%		92.64	%		92.50	%		92.80	%		93.28	%		93.43	%
Total Mature	2003		93.33	%		93.33	%		93.41	%		93.70	%		93.96	%		93.23	%		92.91	%		93.07	%		92.89	%		92.83	%		92.96	%		92.77	%
Total Mature	2004		93.05	%		93.15	%		93.34	%		93.75	%		93.70	%		93.44	%		93.72	%		94.05	%		94.21	%		94.00	%