| On March 1, 2004, there were 1,707 holders of record of the Company's common shares.
Recent Sales of Unregistered Securities
During 2003, 2002, and 2001 the Company issued 737,212, 176,848, and 6,002 common shares, respectively, upon the
redemption of Class A units of the Operating Partnership held by persons who received units in private placements in earlier
periods in exchange for their interests in limited partnerships that owned real estate. The common shares were issued without
registration under the Securities Act of 1933 in reliance on Section 4(2) of that Act.