Cutler JV, LLC

• Located at the Northwest corner of 120th and Tower Road in Commerce City, Adams County, Colorado
• 176 acres
• The property has been rezoned from Agricultural to Mixed Use and annexed into the City of Commerce City
• The development plan contemplates 212 Multi-Family and 470 Single Family Detached lots, with 40 acres of retail uses 
• Development is scheduled to commence in 2007

Woodmen and Union

• Located at the Southwest Corner of Union Boulevard and Woodmen Road in Colorado Springs, Colorado
• 12.8 acres
• The property is currently zoned Commercial/Retail
• The development plan contemplates a grocery anchored Retail Center

Sack 320, LLC

• Located along Thornton's North boundary along 168th Avenue (Northeast corner of 168th Avenue and Colorado Boulevard) in Weld County, Colorado
• Being designed in conjunction with Kirkmeyer N 56
• 320 acres
• The property is currently zoned Agricultural, will be annexed into the City of Thornton and rezoned Mixed Use
• Will be a mix of attached and detached residential, commercial and municipal
• The development plan contemplates Multi-Family, Single Family Detached lots and retail uses
• SWIG anticipates lot sales in 2009

North 560, LLC

• Being designed in conjunction with Sack 320, LLC
• Will be a mix of attached and detached residential, commercial and municipal

TR Ranch

• Located at the Northeast corner of 112th Avenue and Tower Road in Commerce City, Adams County, Colorado
• 254 acres
• The property is currently zoned Agricultural
• The development plan contemplates 516 Multi-Family, 460 Single Family Detached lots, and a 35 acre Retail Center
• Lot sales have not yet been determined

Buckley Ranch

• Located west of the Southwest corner of 104th Avenue and Landmark Drive in Commerce City, Adams County, Colorado
• 25 acres
• The property is currently zoned Planned Unit Development (Mixed Use)
• The development plan contemplates Multi-Family development
• 10 Acres of Retail was sold in July 2005
• Lot sales have not yet been determined

Industrial Investors, LLC

• A joint venture with Brighton Industrial Park, LLC
• Located at Weld County Road 2 and US Highway 85
• 53 acres
• The property is currently zoned Industrial and will be annexed into the City of Brighton and rezoned for both industrial and residential uses

SW Ringsby East

• Located at the Northeast corner of Denver Street and US Highway 85 in Adams County, Colorado
• 19.35 acres
• The property is currently zoned Industrial and will be annexed into the City of Brighton and rezoned for both industrial and residential uses

The Village

• Located at the Northeast corner of 120th Avenue and Chambers Road in Commerce City, Adams County, Colorado
• 17 acres
• The property is currently zoned Planned Unit Development (Commercial)
• The development plan contemplates Retail Pads
• SWIG anticipates lot sales and retail construction in 2008

Quebec Riverdale

• Located at the Northwest corner of 128th Avenue and Quebec Street in the City of Thornton, Colorado
• 34 acres
• The property currently has an approved Final Plat
• The development plan contemplates a Walmart and ancillary shops and pads
• SWIG anticipates lot sales in 2008

SW 104th, LLC

• Located at the Southwest corner of East 104th Avenue and Chambers Road in Commerce City, Adams County, Colorado
• 16.6 acres
• The property is currently zoned Planned Unit Development (Commercial)
• The development plan contemplates a grocery anchored retail center
• SWIG anticipates lot sales and retail construction in 2008

SW Second Creek, LLC

• Located at East 120th Avenue and Laredo Street in Commerce City, Adams County, Colorado
• 3.57 acres
• The property is currently zoned Planned Unit Development (Residential), but rezoned to permit Commercial uses
• Sold to Kovalis, LLC for retail development

SW Greeley

• Located at the Southeast corner of West 28th Avenue and 83rd Street in Greeley, Colorado
• 76 acres
• TBD

SW Burlington

• Located east of Havana on 104th Avenue in Commerce City, Colorado
• 3.4 acres
• Currently zoned Industrial, will be rezoned to accommodate retail uses
• Possible uses would be retail, commercial warehouses
• SWIG anticipates a bulk sale in 2008

Pheasant Ridge

• Located at the Southwest corner of Bridge and Tower Road
• Mixed use land deal
• 17.5 Commercial acres
• 67 residential lots (Ryland)
• Cost: $1.8 million (paid cash)

SW Rosemary

• Located at 83rd and Quebec Street in Commerce City, Adams County, Colorado
• 10 acres
• Developed currently as lighted soccer facility with concessions currently zones 11 and 12
• Potential for multi lot industrial park in Commerce City's Enterprise Zone which offers incentives to tenants/owners of the lots

Thornton Investors, LLC

• Two parcels at the Southeast corner of 168th avenue and Colorado Boulevard in Adams County, Colorado
• Site area totals 17.9 acres
• Thornton Investors closed on both sites in May 2007
• Plans include annexation and zoning into the city of Thornton
• We will fully entitle and develop a retail center to include a mixture of banks, pharmacy, gas station, fast food users, restaurants and other quasi retail use
• Project timeline is for retail development to commence in 3 to 5 years as market conditions dictate

Oxford Investors, LLC

• Located at the corner of Federal Boulevard & Oxford in Sheridan, Colorado
• Site is currently zoned for commercial use
• Plans call for demolition of existing building on a .89 acre site and constructing a new 9,000 sf in-line retail building
• Building delivery is expected for the third quarter of 2008

Box Elder Investors, LLC

• Located at the intersection of 56th Avenue and Hudson in Aurora, Colorado
• Uniquely positioned between Denver International Airport and Front Range Airport
• Site consists of 320 acres, currently zoned for agricultural use
• Plans for the site call for future development of commercial or industrial use to benefit from neighboring airports’ cargo opertions

Bennett Commerce Center

• Located at the southwest corner of Interstate 70 and State Highway 79 in Bennett Colorado
• 144 Acres
• Currently zoned for agriculture in the Town of Bennett
• Action plan calls for preparing the final plat for the property to accommodate mixed use, including retail as well as residential use
• Ideal interstate location for big box retailers to benefit from the expected population increase on the eastern plains

6th and Sheridan Retail Center

• Located at the southwest corner of 6th Avenue and Sheridan Boulevard in Lakewood, Colorado
• Infill redevelopment project with 3.88 acre assemblage with highway visibility
• Southwestern intends to entitle the site as a planned development and obtain the final approval of all horizontal and vertical construction plans
• Plans call for demolition of existing structures and development of three pad sites and approximately 23,000 square feet of in-line retail
• Timing anticipates closing on the property in October 2008. Building delivery is expected in the spring of 2009

Aurora Park Shopping Center

• Located at the northeast corner of Alameda Avenue and Sable Street in Aurora, Colorado
• Existing 35,971 square foot shopping center on 4.66 acres of land
• Action plan calls for a remodel of the property including exterior and interior renovations
• Plan calls for repositioning of existing tenants and leasing of current vacancies
• Ideal location across from newly renovated Aurora Mall and the new mixed use project and RTD hub known as Centrepoint

Blackbob Marketplace

• Located at the southwest of the major intersection of East Santa Fe Street and South Blackbob Road in Olathe, Kansas
• Located within a Lowe’s Home Improvement anchored shopping center
• Pad site development project with a total of 2 lots over 1.85 acres
• Southwestern currently has an executed ground lease with a nationally recognized fast food restaurant
• Plans call for the sale of the remaining lot for retail use

Flat Iron Meadow

• Southeast corner of North 111th and Isabelle Road/Leon Wurl Parkway in Erie, Boulder County, Colorado
• 367 acres
• The property has an approved Final Plat
• Located in Erie bordering Boulder County Open Space, the development plan contemplates 634 Single Family Detached and 220 Single Family Attached
• SWIG anticipates selling platted lots in Fall of 2008
• Homes estimated to be sold in the $450K to $550K range

Pratt Property (Erie)

• Located approximately at the Northeast corner of Weld County Roads 3 and 4 in Erie, Colorado
• 340 acres
• The property is currently zoned Agricultural, will be annexed into the Town of Erie and will be rezoned to residential 
• The development plan contemplates 593 Units SFD and 175 Units SFA

Milliken Investors, LLC

• Closed on approximately 80 acres in the town of Milliken on 3/7/07
• Property includes 80 acres, oil and gas rights underlying the site, various
  water rights including 125 units of Colorado Big Thompson water shares and the original farm house which will be sold in its original condition
• Located at the intersection of Weld County Road 19 and WCR 44
• Annexed & Zoned into town of Milliken in December 2006
• Plans for the property include obtaining full entitlements for development of 33 1.5 acre lots
• Project will be entitled and ready for development in 2008
• Milliken Investors plans to sell the water shares and original farmhouse in 2008 and will lease the mineral rights to an oil and gas operator

Cutler JV, LLC

• Located at the Northwest corner of 120th and Tower Road in Commerce City, Adams County, Colorado
• 176 acres
• The property has been rezoned from Agricultural to Mixed Use and annexed into the City of Commerce City
• The development plan contemplates 212 Multi-Family and 470 Single Family Detached lots, with 40 acres of retail uses
• Development is scheduled to commence in 2008

Sack 320, LLC

• Located along Thornton's North boundary along 168th Avenue (Northeast corner of 168th Avenue and Colorado Boulevard) in Weld County, Colorado
• Being designed in conjunction with Kirkmeyer N 56
• 320 acres
• The property is currently zoned Agricultural, will be annexed into the City of Thornton and rezoned Mixed Use
• Will be a mix of attached and detached residential, commercial and municipal
• The development plan contemplates Multi-Family, Single Family Detached lots and retail uses
• SWIG anticipates lot sales in 2009

North 560, LLC

• Located north of the Northeast corner of 168th Avenue and Colorado in Weld County, Colorado
• 560 acres
• Being designed in conjunction with Sack 320, LLC
• The property is currently zoned Agricultural, will be annexed into the City of Thornton and rezoned Mixed Use
• The development plan contemplates Multi Family and Single Family Detached lots
• SWIG anticipates lot sales by 2010

SWINK, LLC

• Located at the Northeast corner of 96th Avenue and Reunion Parkway in Commerce City, Colorado
• 80 acres
• The property has been annexed into Commerce City and rezoned for residential uses
• Final Plat is pending
• The development plan contemplates 120 Multi-Family and 277 Single Family Detached lots
• SWIG anticipates lot sales in late 2008

TR Ranch

• Located at the Northeast corner of 112th Avenue and Tower Road in Commerce City, Adams County, Colorado
• 254 acres
• The property is currently zoned Agricultural
• The development plan contemplates 516 Multi-Family, 460 Single Family Detached lots, and a 35 acre Retail Center
• Lot sales have not yet been determined

Buckley Ranch

• Located west of the Southwest corner of 104th Avenue and Landmark Drive in Commerce City, Adams County, Colorado
• 25 acres
• The property is currently zoned Planned Unit Development (Mixed Use)
• The development plan contemplates Multi-Family development
• 10 Acres of Retail was sold in July 2005
• Lot sales have not yet been determined

SW Begold, LLC

• Located at 102nd Avenue and Chambers Road in Commerce City, Adams County, Colorado
• 40 acres
• The property has been platted for 145 Single Family Detached lots
• The development plan contemplates 145 residential lots and was sold to Centex Homes in February of 2005

SW Peoria, LLC

• Located at 112th Avenue and Peoria Street
• 100 acres
• The property is currently zoned Planned Unit Development (Residential)
• The plat includes 272 single family detached lots s and 108 single family attached units
• Sold to DR Horton and KB Home

SW Second Creek, LLC

• Located at East 120th Avenue and Laredo Street in Commerce City, Adams County, Colorado
• 3.57 acres
• The property is currently zoned Planned Unit Development (Residential), but rezoned to permit Commercial uses
• Sold to Kovalis, LLC for retail development

SW Lochbuie

• 352 acres
• County Road 8 and 37
• Low density, equestrian, open space and trails 

Pheasant Ridge

• Located at the Southwest corner of Bridge and Tower
• Mixed use land deal
• 17.5 Commercial acres
• 67 residential lots (Ryland)
• Cost: $1.8 million (paid cash)

Imboden 128

• Project located at the Northeast corner of 128th Avenue and Imboden Road in Adams County, Colorado
• Project calls for a total of 320 acres
• SWIG currently owns 160 acres and will acquire 160 more over future structured takedowns
• Currently zoned for agricultural use
• Plan calls for future large lot residential development

Osceola South

• Project located at East 128th Avenue in Adams County, Colorado
• SWIG has completed 3 of 4 takedowns which will ultimately total 160 acres
• Currently zoned for agricultural use
• Plan calls for future large lot residential development