NOTIFICATION  OF  THE  REMOVAL  FROM  LISTING  AND REGISTRATION OF THE STATED
SECURITIES

The American Stock Exchange LLC hereby notifies  the  SEC of its intention to
remove   the  entire  class  of  the  stated  securities  from  listing   and
registration  on  the  Exchange  at the opening of business on March 12, 2007
pursuant to the provisions of Rule 12d2-2 (a). 17CFR240.12d2-2(a)(3)

The removal of BNP Residential Properties, Inc. Common Stock, Par Value $.01 is
being effected because the Exchange knows or is reliably informed that on
February 28, 2007 the instruments representing the securities comprising the
entire class of this security came to evidence, by operation of law or
otherwise, other securities in substitution therefore and represent no other
right except, if such be the fact, the right to receive an immediate cash
payment.

The security was suspended from trading by the Exchange on March 1, 2007.