AREA Opportunity Funds	Year	Total Committed Equity (million)
AREA Real Estate Investment Fund, L.P.	1993	$500
AREA Real Estate Investment Fund II, L.P.	1996 (Closed)	$570
AREA Real Estate Investment Fund III, L.P.	1998	$1,050
AREA Real Estate Investment Fund IV, L.P.	2000	$1,090
AREA International Real Estate Investment Fund, L.P.	2003	$336
AREA European Real Estate Fund II, L.P.	2005	$600
AREA Real Estate Investment Fund V, L.P.	2006	$700
Sun-Apollo India Real Estate Fund, L.L.C.	2006	$630
AREA European Real Estate Fund III, L.P.	2008	$1,375
Subtotal		$6,851 million

AREA Debt Vehicles	Fund Final Closing	Total Committed Equity (million)
AREA-GMAC Real Estate Mezzanine Fund, LP	2004	$108
AREA Real Estate Finance Corporation	2007	$932
Subtotal		$1,040 million

AREA Value-Added Funds	Fund Final Closing	Total Committed Equity (million)
Value Enhancement Fund, L.P.	1993 (Closed)	$256
Value Enhancement Fund II, L.P.	1996	$187
Value Enhancement Fund III, L.P.	1998 (Closed)	$450
Value Enhancement Fund IV, L.P.	1999	$407
Value Enhancement Fund V, L.P.	2001	$334
Value Enhancement Fund VI, L.P.	2006	$276
AREA Value Enhancement Fund VII, L.P.	2008	$759
AREA Domestic Emerging Markets Fund, L.P.	2008	$485
Subtotal		$3,154 million

Grand Total Closed To Date		$11,045 million

* In 2006, AREA Property Partners acquired a majority interest in VEF Advisors, LLC
   which manages Value Enhancement Funds I–VI.