----

| ·   | Alturas      del Senorial Associates Limited Partnership, a Maryland limited      partnership |
|--------------------|-----------------------------------------------------------------------------------------------|

| ·   | American      Community Properties Trust, a Maryland business  trust |
|--------------------|----------------------------------------------------------------------|

| ·   | American      Housing Management Company, a Delaware  corporation |
|--------------------|-------------------------------------------------------------------|

| ·   | American      Housing Properties L.P., a Delaware limited  partnership |
|--------------------|------------------------------------------------------------------------|

| ·   | American      Land Development U.S., Inc., a Maryland  corporation |
|--------------------|--------------------------------------------------------------------|

| ·   | American      Rental Management Company, a Delaware  corporation |
|--------------------|------------------------------------------------------------------|

| ·   | American      Rental Properties Trust, a Maryland real estate investment      trust |
|--------------------|-------------------------------------------------------------------------------------|

| ·   | Bannister      Associates Limited Partnership, a Maryland limited    partnership |
|--------------------|----------------------------------------------------------------------------------|

| ·   | Bayamon      Garden Associates Limited Partnership, a Maryland limited      partnership |
|--------------------|-----------------------------------------------------------------------------------------|

| ·   | Carolina      Associates Limited Partnership S. E., a Maryland limited      partnership |
|--------------------|-----------------------------------------------------------------------------------------|

| ·   | Coachman's      Apartments LLC, a Maryland liabilitycompany |
|--------------------|-------------------------------------------------------------|

| ·   | Colinas      de San Juan Associates Limited Partnership, a Maryland limited      partnership |
|--------------------|----------------------------------------------------------------------------------------------|

| ·   | Crossland      Associates Limited Partnership, a Maryland limited    partnership |
|--------------------|----------------------------------------------------------------------------------|

| ·   | Escorial      Office Building I, Inc., a Puerto Rico  corporation |
|--------------------|-------------------------------------------------------------------|

| ·   | Essex      Apartments Associates, a Virginia limited  partnership |
|--------------------|-------------------------------------------------------------------|

| ·   | Fox      Chase Apartments, LLC, a Maryland limited liability  company |
|--------------------|-----------------------------------------------------------------------|

| ·   | Headen      House Associates Limited Partnership, a Maryland limited      partnership |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | Huntington      Associates Limited Partnership, a Maryland limited    partnership |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | IGP      Group Corp., a Puerto Ricocorporation |
|--------------------|------------------------------------------------|

| ·   | Interstate      Commercial Properties, Inc., a Puerto Rico  corporation |
|--------------------|-------------------------------------------------------------------------|

| ·   | Interstate      General Properties Limited Partnership S.E., a Maryland limited      partnership |
|--------------------|--------------------------------------------------------------------------------------------------|

| ·   | Jardines      de Caparra Associates Limited Partnership, a Maryland limited      partnership |
|--------------------|----------------------------------------------------------------------------------------------|

| ·   | Lancaster      Apartments Limited Partnership, a Maryland limited    partnership |
|--------------------|----------------------------------------------------------------------------------|

| ·   | LDA      Group, a Delaware limited liabilitycompany |
|--------------------|-----------------------------------------------------|

| ·   | Land      Development Associates S.E., a Puerto Rico  partnership |
|--------------------|-------------------------------------------------------------------|

| ·   | Milford      Station I, LLC, a Delaware limited liability  company |
|--------------------|--------------------------------------------------------------------|

| ·   | Milford      Station II, LLC, a Delaware limited liability  company |
|--------------------|---------------------------------------------------------------------|

| ·   | Monserrate      Associates Limited Partnership, a Maryland limited    partnership |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | New      Forest Apartments LLC, a Maryland limited liability  company |
|--------------------|-----------------------------------------------------------------------|

| ·   | Nothingham      South, LLC, a Delaware limited liabilitycompany |
|--------------------|-----------------------------------------------------------------|

| ·   | Owings      Chase, LLC, a Delaware limited liabilitycompany |
|--------------------|-------------------------------------------------------------|

| ·   | Palmer      Apartments Associates Limited Partnership, a Maryland limited      partnership |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | Prescott      Square, LLC, a  Delaware limited liability    company |
|--------------------|-------------------------------------------------------------------------------|

| ·   | San      Anton Associates, a Massachusetts limited  partnership |
|--------------------|-----------------------------------------------------------------|

| ·   | St.      Charles Community, LLC, a Delaware limited liability    company |
|--------------------|--------------------------------------------------------------------------|

| ·   | Sheffield      Greens Apartments, LLC, a Delaware limited liability    company |
|--------------------|--------------------------------------------------------------------------------|

| ·   | Torres      del Escorial, Inc., a Puerto Ricocorporation |
|--------------------|----------------------------------------------------------|

| ·   | Turabo      Limited Dividend Partnership, a Massachusetts limited      partnership |
|--------------------|------------------------------------------------------------------------------------|

| ·   | Valle      del Sol Associates Limited Partnership, a Maryland limited      partnership |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | Village      Lake Apartments LLC, a Maryland liability  company |
|--------------------|-----------------------------------------------------------------|

| ·   | Wakefield      Terrace Associates Limited Partnership, a Maryland limited      partnership |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | Wakefield      Third Age Associates Limited Partnership, a Maryland limited      partnership |
|--------------------|----------------------------------------------------------------------------------------------|

| ·   | Brookside      Gardens Limited Partnership, a Maryland limited  partnership |
|--------------------|-----------------------------------------------------------------------------|

| ·   | ELI      GP, Inc., a Puerto Rico corporation |
|--------------------|----------------------------------------------|

| ·   | ELI      S.E., a Puerto Rico specialpartnership |
|--------------------|-------------------------------------------------|

| ·   | Lakeside      Apartments Limited Partnership, a Maryland limited    partnership |
|--------------------|---------------------------------------------------------------------------------|

| ·   | St.      Charles Active Adult Community, LLC, a Maryland limited liability      company |
|--------------------|-----------------------------------------------------------------------------------------|