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continued from page 3 <br />vate between 60 and 100 units each month. During the units at the property. Sherman anticipated that the reno- <br />renovations, residents will move into furnished “hotel” vations would be completed by December 2012. <br />© Novogradac & Company LLP 2011 - All Rights Reserved <br />Notice pursuant to IRS regulations: Any U.S. federal tax advice <br />be used, by any taxpayer for the purpose of avoiding penalties u <br />to be used to support the promotion or marketing of a transactio <br />tax issues addressed in it. Additional issues may exist outside <br />not consider or provide a conclusion with respect to any additio <br />should seek advice based on their particular circumstances. <br />This editorial material is for informational purposes only and s- <br />garding property compliance or any other material covered in thi <br />information visit www.novoco.com. <br />COMPANY PROFILE: Public Profile <br /> <br />