Affinity's Executive Team has a strong track record of identifying unique and profitable real estate opportunities. The following are snapshots of some of the projects that Affinity's executive team has been involved with.

CITY VIEW

The Before
The City View project consisted of 10 brand new town homes located in East Vancouver. The town homes were newly constructed, and the builder had run into financial problems and was forced to sell the properties. The property also had poorly completed interior and exterior finishes.

Our Improvements
Our plans included redesigning the interior and exterior of the building to display a more contemporary look that was both more attractive as well as more closely matched to the trendy East Vancouver neighbourhood ambiance.

The Result
The renovations took place over a six-month period, after which the property was put on the market and sold for $2,367,937. The entire project was 100% debt financed with one mortgage covering 80% of the required capital, and a second mortgage covering the remaining 20% of required capital. The resulting profit represented a 23.4% return on the total project value.

Project Summary

	Property Purchase Price	$1,599,091
	Cost of Improvements	$319,000
	Required Equity	$1,918,091
	Property Selling Price	$2,367,937
	Net Profit on Project	$449,846
	Total % return on investment	23.4%

RIVER VALLEY

The Before
Located in New Westminster, River Valley was a rental building containing 60 strata-titled suites. The building was structurally sound but had substantial cosmetic issues and the interior was quite outdated.

Our Improvements
Our planning focused on extensively updating the interior and common areas of the building, as well as making necessary structural repairs to the exterior. Improvements to the suite interiors included installing new carpets and floors, updating kitchens with new appliances as well as installing new cabinet doors and countertops. Exterior work included roof repairs, repair of exterior stucco as well as comprehensive landscaping of the surrounding grounds. The renovations took 28 months to complete.

The Result
The property was purchased for $5,545,100 with a $100,000 deposit. River Valley was sold to third-party investors without taking title, for a total selling price of $7,668,950. This represents a 1083% return on invested equity of $100,000, and a cash-on-cash return 20.4%.

Project Summary

	Property Purchase Price	$5,545,100
	Cost of Improvements	$824,800
	Required Capital	$6,369,900
	Property Selling Price	$7,668,950
	Net Profit on Project	$1,299,050
	Total % return on required capital	20.4%
	Total % return on equity	1083%

TERRA VISTA

The Before
Terra Vista was a two building complex consisting of 106 strata-titled suites located in Williams Lake, British Columbia. It was built in 1980 and had minimal upkeep by the previous owner, was over 50% vacant, and was in foreclosure.

Our Improvements
The entire building was internally and externally painted, the common areas and the suites had new flooring installed. The plumbing and electrical was upgradedñincluding replacing lighting fixtures, thermostats, hot water tanks, bathroom fixtures and kitchen appliances. Air conditioning units were added to the suites for summer comfort. Exterior work included the installation a new roof, decking, railings and skylights. The property was re-branded with a new name, and new signage was installed for both the building as well as the parking areas. Overall, a renovation plan worth approximately $1.2 million was implemented that took place over of a period of 29 months.

The Results
The property was purchased in foreclosure through a court-order sale for $4,288,400, and was sold to third-party investors for $7,668,950, representing a 78% return on investment, and 50% cash on cash return.

Project Summary
The increased sale price was reflected by increased monthly rent generated from the suites.

	Property Purchase Price	$4,288,400
	Cost of Improvements	$824,800
	Required Capital	$5,113,200
	Property Selling Price	$7,668,950
	Net Profit on Required Capital	$2,555,750
	Total % return on Required Capital	50%

Dario Lorenzo was a strategic partner with 20|20 Properties Inc. for the sourcing and acquisition of the following projects, and was responsible for the due diligence, acquisition, financing and renovation.

Project	% Rent Increase after Revitalization	Annualized Increase in Market Value*	Click to enlarge
Hawthorn Lane Vernon, BC 64 suite rental/condominium project	23 %	22.1% increase per year
Terra Vista Williams Lake, BC 106 suite rental/condominium project	11-18%	21.2% increase per year
River Valley New Westminster, BC 60 suite rental/condominium project	19-24%	20.4% increase per year

*Market Value appraised at May 2007

Dario Lorenzo was involved in the repositioning of the following condominium conversion projects.

Project	% Rent Increase after Revitalization	Annualized Increase in Market Value*	Click to enlarge
Cedarbrook Campbell River, BC 443 suite rental/condominium project	20%	10.7% increase per year
Gardenview Kamloops, BC 61 suite rental/condominium project	29%	16.9% increase per year
Lockwood Villa Chemainus, BC 50 suite rental/condominium project	17%	28.7% increase per year
The Cliffs Vernon, BC 41 suite rental/condominium project	7%	32.4% increase per year
Woodland Court Cranbrook, BC 74 suite rental/condominium project	11%	37.8% increase per year
Shaughnessy Gardens Duncan, BC 34 suite rental/condominium project	12%	15.4% increase per year
Echo Park Estates Port Alberni, BC 60 townhouse rental/condominium project	9%	20.7% increase per year
Signature Pointe Prince George, BC 73 suite rental/condominium project	9%	14.8% increase per year
Crystal Creek Duncan, BC 23 townhouse rental/condominium project	11%	29.4% increase per year
Park Haven Edmonton, AB 178 townhouse rental/condominium project	21-42%	38.1% increase per year
Parkridge Estates Edmonton, AB 126 suite rental/condominium projects	25%	51.1% increase per year
Seaway Centre Sarnia, ON 143 suite rental/condominium project	0%	11.2% increase per year