Condo and Townhouse Sales

Current residential development projects as of March 31, 2008:
[closings + outstanding contracts]/total units (units closed), change in units sold over prior month.

Condominiums (Total net 0) - no Optima
Condominium absorption for March 2008: 0 - No Optima
Condominium absorption for 2008: 2 - No Optima
Condominium absorption for 2007: 55
Condominium absorption for 2006: 219
Condominium absorption for 2005: 225
Condominium absorption for 2004: 230 

Sector A — Downtown (net 0)
   Oakton Park : 23/24 sold (22 closed), net 0
   Metropolitan of Skokie : 52/61 sold (52 closed), net 0
   Residences at 8200  : 28/42 sold (26 closed), net +2
   Madison Square : 16/30 sold (0 closed), net 0.
   The Astoria at Main : 7/18 sold (0 closed), net 0. 
   Prinmar Landings: 156 units.  No report for March.

12-month average absorption: 1 (includes Madison Place)
24-month average absorption: 2 (includes Madison Place)
36-month average absorption: 3 (includes Madison Place)
49 units unsold
156 units approved but not on the market

Sector B — Dempster West (net 0)
   Skokie Gardens : 60/70 sold (56 closed, 1 contract occupancy), net 0

12-month average absorption: -1
24-month average absorption: 0
36-month average absorption: 1
10 units unsold

Sector H — Old Orchard (net 0)
   Old Orchard Woods : 408/665 sold (328 closed).   As of 12/31/07.  Optima has decided not to give regular updates.

Through December 31, 2007 only
12-month average absorption: 4
24-month average absorption: 8 (includes Siena at Old Orchard)
36-month average absorption: 9 (includes Siena at Old Orchard)
257 units unsold

All New Construction Condominium Units  (Through December 31, 2007)
12-month average absorption: 5
24-month average absorption: 11
36-month average absorption: 14

All New Construction Condominium Units, without Optima
No Optima — 12-month average absorption: 1
No Optima — 24-month average absorption: 5
No Optima — 36-month average absorption: 7

Townhomes (Total net 0)
 Sector A — Downtown
   Residences at 8200 : 1/5 (1 closed), net 0
   8038 Floral : 0/4 sold (0 closed), net 0
8 units unsold