Projections, Reports and Financial Information

This message or related links or attachments may include information prepared by others.  Our inclusion of that information should not be taken as an indication that we have reviewed such information or that we concur with any conclusion, representation, statement of fact, projection or other matter included in such information.  We specifically disclaim any representation or warranty as to all prepared by others information or its accuracy or completeness.  We accept responsibility for any such information only to the extent provided in a separate written document, specifically defining the extent of the responsibility and identifying the responsible person, and signed by the responsible person or its duly authorized representative.

In many cases, generally accepted accounting principles were not used in the preparation of the financial statements and other financial information contained in this message or related links or attachments.  You should be sure that you understand the basis for presentation for any financial statement or other financial information contained in this message or related links or attachments.

This message or related links or attachments may contains projections of other forward-looking statements. You can identify forward-looking statements by the use of the words "believe," "expect," "anticipate," "intend," "estimate," "assume," "plan," "project," "may," "shall," "will" and other similar expressions that predict or indicate future events and trends or that are not limited to historical matters. They include, among other things, statements regarding intent, belief or expectations with respect to potential development, redevelopment, acquisition or disposition of properties; the timing and cost of completion of construction, reconstruction, development or redevelopment of properties; the timing of lease-up, occupancy and stabilization of properties; the pursuit of land on which future properties might be developed; the outcome of applications for development approvals and terms or conditions that might be imposed by governmental authorities or others as part of the award of those approvals; the anticipated operating performance of properties; cost, yield and earnings estimates and estimates of return on investments; policies regarding investments, indebtedness, acquisitions, dispositions, financings and other matters; the real estate markets in a particular geographic area or the real estate markets in general; the availability of debt and equity financing; interest rates or interest rate trends; general economic conditions; and trends affecting the properties, financial condition, results of operations or other affairs of entities operating under the Trammell Crow Residential name.  We cannot assure future results or the outcome of projections of other forward-looking information.  Instead these materials merely reflect our expectations of an approximate outcome for the matters discussed that we believe to be reasonable. You should not rely on projections or other forward-looking statements as the outcome for future events because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control.  Actual results are likely to differ - in many cases materially - from the future results, performance or achievements expressed or implied by the projections or forward-looking statements.  In addition, these projections and forward-looking statements represent our estimates and assumptions only as of the time at which they were prepared.  We do not undertake to update the projections or other forward-looking statements, so they may not represent accurate estimates and assumptions after the time at which they were prepared.