IMPERIAL REALTY PARTNERSHIP JANUARY 15, 2005 Property Number Property Location Mortgage Lender Mortgage Balance Market Value 1 Clayton Lane 107 Morris Tpke. Randolph, NJ Blk.81 Lot 41, 15 ACRES 6 one family units NONE NONE 1,100,000 2 200 A-B Axford Ave. Oxford, NJ Blk.34 Lot 59 2 one family units NONE NONE 275,000 3 413 N. Church Rd. Sparta, NJ Blk.75 Lot66 Hardyston Twp, NJ 0ne family NONE NONE 145,000 4 204 Axford Ave. Oxford, NJ Blk.34 Lot 58 0ne family NONE NONE 225,000 5 197 Route 206 Frankford Twp, NJ Blk.19 Lot 27 0ne family NONE NONE 225,000 6 495 Route 31 South Washington Twp, NJ Blk.75 Lot 5.03 0ne family GMAC Mortgage P.O. Box 780 Waterloo, IA 50704 Loan No. 30-295232-0 84,402 385,000 7 Log Tavern Rd. Dingman Twp, PA 9.12 Acre Lot 0ne family SOLD SOLD SOLD 8 489 Route 31 South Washington Twp, NJ Blk.75 Lot 5.01 0ne family NONE NONE 300,000 9 3709 Route 94 Hardyston Twp, NJ Blk.15 Lot 13 0ne family NONE NONE 275,000 Page 1