SURVEY OF RENTAL PROPERTIES IN COLUMBIA, MARYLAND++ - --------------------------------------------------------------------------------------------------------------------- PROPERTY NAME YEAR BUILT STATUS OF KITCHENS & CLUBROOM POOL FITNESS WASHER/DRYER MICROWAVE BATHS CENTER - --------------------------------------------------------------------------------------------------------------------- The 1998 New kitchens & baths yes yes yes yes yes Gramercy - --------------------------------------------------------------------------------------------------------------------- The July New kitchens & baths yes yes yes yes yes Reserve 1999 - --------------------------------------------------------------------------------------------------------------------- Bluffs 1987 Newer kitchens & baths no no no no no at Fairway - --------------------------------------------------------------------------------------------------------------------- Reflect- 1986 Newer kitchens & baths yes yes yes yes yes ions - --------------------------------------------------------------------------------------------------------------------- Bluffs 1989 Newer kitchens & baths no no no no no at Clarys - --------------------------------------------------------------------------------------------------------------------- Bluffs 1988 Newer kitchens & baths no no no no no at Hawthorne - --------------------------------------------------------------------------------------------------------------------- Hobbits 1989 Newer kitchens & baths yes yes yes yes yes Grove - --------------------------------------------------------------------------------------------------------------------- Bentana 1971 Renovating; new no no no no yes cabinets, counters & appliances - --------------------------------------------------------------------------------------------------------------------- Lazy 1981 Renovating; new no no no Yes no Hollow cabinets, counters, appliances & baths - --------------------------------------------------------------------------------------------------------------------- Great 1972 Renovating; new no yes no Connections no Oaks cabinets, counters, in 2 BR appliances & baths - --------------------------------------------------------------------------------------------------------------------- The 1978 Renovating; new no no no Yes no Chimneys cabinets, counters, appliances & baths - --------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------- PROPERTY NAME YEAR BUILT STATUS OF KITCHENS & CLUBROOM POOL FITNESS WASHER/DRYER MICROWAVE BATHS CENTER - --------------------------------------------------------------------------------------------------------------------- Autumn 1972 Renovated; new no no no yes no Crest cabinets, counters, appliances & baths - --------------------------------------------------------------------------------------------------------------------- Harper's 1969 Renovated; new no no no no yes Forest cabinets, counters, appliances & baths - --------------------------------------------------------------------------------------------------------------------- Cedar 1974 Renovated; new no no no yes no Valley counters, appliance & baths - --------------------------------------------------------------------------------------------------------------------- Southgate 1986 Renovated; new no no yes yes no Crossing cabinets, counters, appliances & baths - --------------------------------------------------------------------------------------------------------------------- Fenland 1971 Older kitchens & baths no no no no no Field - --------------------------------------------------------------------------------------------------------------------- Dorsey's 1972 Older kitchens & baths no no no no no Forge - --------------------------------------------------------------------------------------------------------------------- Hannibal 1969 Older kitchens & baths no no no no no Grove - --------------------------------------------------------------------------------------------------------------------- Tor 1970 Older cabinets, new yes yes yes yes no Gardens appliances & bath vanities - --------------------------------------------------------------------------------------------------------------------- ++ Prepared by the Property Manager of Krupp Realty Fund, Ltd. - III