Exhibit
10.11


COMMON SECURITIES SUBSCRIPTION
AGREEMENT


COMMON SECURITIES
SUBSCRIPTION AGREEMENT, dated as of May 31, 2006 (this “Agreement”), between Bresler & Reiner Statutory
Trust II, a statutory trust created under the laws of the State of Delaware (the
“Trust”), and Bresler & Reiner, Inc., a Delaware corporation (the “Buyer”),
relating to the Trust’s common securities (liquidation amount of $1,000 per
security) representing undivided beneficial interests in the assets of the
Trust (the “Common Securities”). Capitalized terms used herein and not
otherwise defined herein have the respective meanings ascribed thereto in the
Purchase Agreements (as defined below).


WHEREAS, the Buyer, the
Trust and the Purchasers named therein have entered into Purchase Agreements,
each dated as of May 31, 2006 (the “Purchase Agreements”), in connection with
the issuance and sale of preferred securities (liquidation amount of $1,000 per
security) (the “Preferred Securities”) by the Trust; and


WIIEREAS, the Buyer, as
sponsor of the Trust, desires to purchase from the Trust, and the Trust desires
to sell to the Buyer, all of the Common Securities.


NOW, THEREFORE, in
consideration of the foregoing premises and the conditions and agreements
hereinafter set forth, the parties hereto agree as follows:


1.   The
Buyer hereby subscribes for and offers to purchase from the Trust, and the
Trust hereby accepts such offer and agrees to issue and sell to the Buyer,
contemporaneous with the Closing Date, 930 Common Securities with an aggregate
liquidation amount with respect to the assets of the Trust of Nine Hundred
Thirty Thousand Dollars {$930,000.00) in consideration of the payment on or
before the date hereof of Nine Hundred Thirty Thousand Dollars ($930,000.00) in
immediately available funds.


2.  The Trust represents and warrants that, upon
execution and delivery of the Common Securities to the Buyer, the Common
Securities will be duly authorized, validly issued, fully paid and nonassesable
and entitled to the benefits and subject to the terms of the Amended and
Restated Trust Agreement, dated as of May 31, 2006, among the Buyer, as
Depositor, JPMorgan Chase Bank, National Association, as Property Trustee,
Chase Bank USA, National Association, as Delaware Trustee, and Sidney M.
Bresler and Darryl M. Edelstein, as Administrative Trustees, and the holders,
from time to time, of undivided beneficial interests in the Trusts.


3.   This
Agreement shall be deemed to be a contract made under the laws of the State of
New York, and for all purposes shall be governed by, and construed in
accordance with, the laws of the State of New York without regard to conflict
of law principles of said State other than Section 5-1401 of the New York
General Obligations Law.


4.   This
Agreement may be executed in any number of counterparts, each of which when so
executed shall be deemed to be an original, but all such counterparts shall
together constitute but one and the same instrument.


IN
WITNESS WHEREOF, the parties hereto have caused this Common Securities Subscription
Agreement to be duly executed as of the date first written above.


	
  Bresler & Reiner Statutory Trust II

  
	
   

  
	
   

  
	
  By

  	
  /s/ SIDNEY M.
  BRESLER

  	
   

  
	
  Name: Sidney M.
  Bresler

  
	
  Title:
  Administrative Trustee

  
	
   

  
	
   

  
	
  By:

  	
  /s/ DARRYL M.
  EDELSTEIN.

  	
   

  
	
  Name: Darryl M.
  Edelstein

  
	
  Title:
  Administrative Trustee

  
	
   

  
	
  Bresler
  & Reiner, Inc

  
	
   

  
	
   

  
	
  By:

  	
  /s/ SIDNEY M. BRESLER

  	
   

  
	
  Name: Sidney M.
  Bresler

  
	
  Title: CEO