Meadows Crossing Apartments:             
This 179 unit apartment complex located at 8175 Meadow Road in Dallas, Texas was purchased in September, 1997 with partner Steven Loftus for $1,950,000.  An existing 70% occupancy, mismanagement and extensive deferred maintenance characterized this property at time of acquisition.  Mr. Gillean assumed responsibility for the entire rehab and lease-up process.  Within twelve months, Mr. Gillean increased rents over $75.00 per unit enabling the partnership to place long-term permanent financing on the property.  In addition, Mr. Gillean implemented a tenant paid electric program.