Note A - Basis of Presentation: Discontinued Operations (Policies)

3 Months Ended

Mar. 31, 2013

Policies

Discontinued Operations

The accompanying statement of operations for the three months ended March 31, 2012 reflects the operations of Greenspoint at Paradise Valley and Tamarind Bay Apartments as loss from discontinued operations due to their sales on March 29, 2012 and September 28, 2012, respectively (see “Note D”).

The following table presents summarized results of operations for Greenspoint at Paradise Valley and Tamarind Bay Apartments for the three months ended March 31, 2012 (in thousands):

	Three Months Ended March 31, 2012
Revenues	$ 1,217
Expenses	(1,751)
Loss from discontinued operations	$  (534)