Debt Placements


Scottsdale Villa Mirage
Scottsdale, AZ
$20,000,000


Valwest, Inc.
San Jose, CA
$25,000,000

Cottonwood Commons
Cottonwood, AZ
$5,000,000


Universal Semiconductor
San Jose, CA
$4,000,000

Towsen Lakes
Houston, TX
$6,600,000
Divestitures


Telluride Club
Telluride, CO
$20,000,000


Sanpiper Stores
Danville, CA
$2,000,000

British Motors Distributors
San Francisco, CA
$10,000,000




Michael's Ranch
Sedona, AZ
$6,000,000
Acquisitions


Lodge Alley Inn
Charleston, SC
$18,000,000

Villas on Elm Street
Cottonwood, AZ
$3,000,000



Joint Ventures


Harbin Trading Company
Harbin, China
$50,000,000




Bond Placements


Scottsdale Links
Scottsdale, AZ
$19,000,000




Equity Placements


Zaisan Corporation
Houston, TX
$10,000,000




Private Placements


Broadband, Inc.
Santa Clara, CA
$3,000,000




Development


Sedona Pines
Sedona, AZ
$10,000,000




Business Machines


Schenzhen Trading Company
Schenzhen, China
$9,000,000




Equity


Waterford Place
Biloxi, MI
$6,000,000





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BFR Capital Group. All rights reserved.