Gage Place Apartments:            This 216 unit apartment complex located at 9850 Dale Crest, 3356 and 3363 Park Lane in Dallas, Texas (formerly named Apple Creek) was purchased by Gillean Properties LLC in February, 2003 for $4,300,000 with an additional rehab/upgrade allocation of approximately $1,500,000.   All improvements are 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.