In recent years, the second of these roles - as an investment management company - has come to take precedence in the overall scope of our business operations. As our past investors know, we have earned a considerable reputation as a prudent and profitable firm which keeps an extremely careful eye on our current holdings and future opportunities. Now, in addition to these two roles, the firm is now venturing into the development of commercial office buildings. The following pages will first describe our approach to investing followed by highlights of the individual properties that comprise our growing portfolio.