Date Transactions Amt (000's) December 04 Associated Estates Realty Corp. (NYSE: AEC) Registered direct placement of preferred stock $58,000 July 04 LTC Properties, Inc. (NYSE:LTC) Registered direct placement of perpetual preferred stock $62,118 July 04 BNP Residential Properties, Inc. (AMEX: BNP) Registered direct placement of common stock $17,750 February 04 LTC Properties, Inc. (NYSE:LTC) Registered direct placement of perpetual preferred stock $100,000 February 04 BNP Residential Properties, Inc. (AMEX:BNP) Registered direct placement of common stock $13,812 February 04 Omega Healthcare Investors (NYSE:OHI) Registered direct placement of perpetual preferred stock $118,488 February 04 Monmouth REIT (NASDAQ:MNRTA) Sale of common stock by an affiliate company $4,100 January 04 Monmouth REIT (NASDAQ:MNRTA) Registered direct placement of common stock $4,050