Chase Place Apartments:           This 137 unit apartment complex located at 9801-25 Webb Chapel and 3242-3304 Chapel Creek in Dallas, Texas (formerly named London Manor) was purchased by Gillean Properties LLC in May, 2003 at a foreclosure trustee sale in Dallas County for $2,500,000 with an additional rehab/upgrade allocation of approximately $1,000,000.   All improvements will be performed in-house and as a result represent upgrades and long-term enhancements to the property, which far exceed the actual cost.  The property is being upgraded to a very desirable and attractive blue-collar apartment community achieving rental rates comparable to any property within the submarket.  New financing has been put in place for the complex.