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This excerpt taken from the O 10-K filed Feb 23, 2006.

Crest Net Property Sales

 

During 2005, Crest Net, our wholly-owned subsidiary, sold 12 properties from its inventory for $23.5 million, which resulted in a gain of $3.3 million.

 

This excerpt taken from the O 10-Q filed Nov 2, 2005.

Crest Net Property Sales

During the third quarter of 2005, Crest Net sold two properties from its inventory for an aggregate of $5.8 million, which resulted in a gain of $713,000.  Crest Net’s gains are included in “income from discontinued operations, real estate acquired for resale by Crest.”

 

During the first nine months of 2005, Crest Net sold nine properties from its inventory for an aggregate of $17.0 million, which resulted in a gain of $2.4 million.

 

This excerpt taken from the O 10-Q filed Aug 3, 2005.

Crest Net Property Sales

During the second quarter of 2005, Crest Net sold one property from its inventory for an aggregate of $3.5 million, which resulted in a gain of $422,000.  Crest Net’s gains are included in “income from discontinued operations, real estate acquired for resale by Crest.”

 

During the first six months of 2005, Crest Net sold six properties from its inventory for an aggregate of $11.2 million, which resulted in a gain of $1.6 million.

 

This excerpt taken from the O 10-Q filed May 4, 2005.

Crest Net Property Sales

During the first quarter of 2005, Crest Net sold six properties from its inventory for an aggregate of $7.7 million, which resulted in a gain of $1.2 million.  This gain is included in “income from discontinued operations, real estate acquired for resale by Crest.”

 

This excerpt taken from the O 10-K filed Mar 4, 2005.

Crest Net Property Sales

 

During 2004, Crest Net, our wholly-owned subsidiary, sold 51 properties from its inventory for $75.0 million, which resulted in a gain of $10.3 million.

 

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