text: **expanding annually**
  **through acquisitions**
  **and Development**
  
  <html>
          <head> <meta charset="UTF-8">
          <style>
          table, th, td {
              border: 1px solid black;
              font-size: 10px;
          }
          </style> </head>
          <body>
          <table frame="hsides" rules="groups" width="100%%">
              [html]<thead><tr><td>We have grown our real estate portfolio on annual basis through the acquisition of apartments and MHCs. Since 2010, we have have have nerven - nennlaemantinon n = nrmuth</td></tr></thead><tbody><tr><td>with developments. 2013 marked the Company ’ s biggest year for acquisitions and developments in eight years, adding 51 million in properties to the portfolio.</td></tr><tr><td>Growth is funded through a combination of equity, mortgage debt and the recycling of assets, further increasing the quality of the portfolio. In 2013 we sold a</td></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr></tbody>
          </table> </body> </html>