Conventional Housing

Apartment Living

The 43 conventional properties in G & K Industries real estate portfolio are located throughout California and are dominated by a few large, luxury apartment properties such as the 332-unit Dolphin Apartments, in Marina del Rey, the 391-unit Grand Promenade Tower, the 606-unit Promenade Towers and 217-unit Museum Tower in downtown Los Angeles, the 221- unit Colonnade in San Jose, the 212-unit Museum Terrace in Los Angeles, and the 192-unit Market Street Square in San Diego. The conventional properties were over 95% occupied at December 31, 2008. Some of these properties can be converted to condominiums in the future and have recorded tract maps. Also included in the conventional property portfolio are 25 formerly subsidized properties that have been converted from government subsidized to conventional rate properties.